HK Stock Market Move | MINTH GROUP (00425) is now up more than 5%, management expects customers to bear most of the potential tariff costs.

MINTH GROUP (00425) is now up more than 5%, as of press time, up 5.03% to HK$15.88, with a turnover of HK$46.2893 million. Goldman Sachs released a research report stating that it is expected that by 2025, North American business revenue will account for 26% of MINTH GROUP's total revenue. The bank expects that in scenarios where tariffs last for 3 months/6 months/12 months, the company's revenue will be negatively impacted by 0.6%/1.2%/1.9% respectively, and gross profit will be negatively impacted by 2.3%/4.6%/7.6%. In recent communications with MINTH GROUP management and during their performance conference call for the first half of 2024, they indicated that they are in talks with automaker customers and expect customers to bear most of the potential tariff costs. Guotai Junan pointed out that the competition in the automotive market is becoming increasingly fierce, with domestic car companies continuously launching new energy vehicle models, which bodes well for MINTH GROUP's battery box business sales. Sales of the new intelligent exterior system business and chassis components business are gradually increasing, becoming additional growth engines for MINTH GROUP. MINTH GROUP has received orders from top Chinese new energy vehicle companies. MINTH GROUP is gradually becoming one of the leading global suppliers of intelligent front, tailgate, and side door solutions.