Citigroup: Reiterate "Buy" rating on MINTH GROUP (00425) and raise target price to HK$31.

Citigroup released a research report stating a reiterated "buy" rating for Minth Group (00425), with a target price raised from 23 HK dollars to 31 HK dollars. Minth's stock price surged significantly yesterday (20th), possibly due to the company's entry into the field of Siasun Robot & Automation. The market anticipates that the company can leverage its advantages in the new energy vehicle sector to gain a favorable position in the Siasun Robot & Automation field. Although Minth is currently in the sample testing phase, Citigroup also anticipates that Minth has the potential to supply intelligent casings and actuators to Siasun Robot & Automation, which could be new growth drivers. It is expected that there will be a revaluation of the stock in the near future, initiating a 90-day period of positive catalyst observation.