Core Viewpoint - Goldman Sachs has released a report indicating that Minth Group's (00425) EBIT for the first half of the year met expectations, leading to an upward revision of the net income forecast for 2025 to 2027 by 13% and an increase in the target price from HKD 27.6 to HKD 33.5, although the rating has been downgraded to "Neutral" [1] Company Summary - Minth Group's EBIT for the first half of the year aligns with market expectations [1] - The target price for Minth Group has been raised from HKD 27.6 to HKD 33.5 [1] - The rating for Minth Group has been downgraded to "Neutral" [1] Industry Summary - The valuation re-evaluation for Minth Group will depend on the global automotive demand outlook [1] - It is believed that automotive demand in major markets will peak, with growth expected to slow from 6% in 2023 and 2024 to 1% in 2025 and 2026, and then decline by 2% in 2027 and 2028 [1] - Net profit growth for Minth Group is anticipated to slow to 15% in 2025 and 2026, further decreasing to 11% in 2027 [1]

Group 1 - Goldman Sachs reported that Minth Group's (00425) EBIT for the first half of the year met expectations [1] - The firm raised its net income forecast for Minth Group for 2025 to 2027 by 13% and increased the target price from HKD 27.6 to HKD 33.5 [1] - However, the rating was downgraded to "Neutral" due to concerns about the global automotive demand outlook [1] Group 2 - Goldman Sachs believes that the peak demand for automobiles in major markets will be reached, with growth expected to slow from 6% in 2023 and 2024 to 1% in 2025 and 2026, and then decline by 2% in 2027 and 2028 [1] - The expected net profit growth rate for Minth Group is projected to slow to 15% in 2025 and 2026, further decreasing to 11% in 2027 [1]