HK Stock Market Move | MINTH GROUP (00425) rises by over 5% again, the company's business will expand to the Siasun Robot & Automation supply chain, and is expected to become a growth driver for Xiong'an New Power Technology.

MINTH GROUP (00425) rose more than 5% again, as of the time of writing, it rose by 3.64% to HKD 22.8, with a turnover of HKD 1.59 billion. Morgan Stanley issued a research report stating that Minth Chairman Qin Ronghua recently invested $10 million in X.AI. The management also revealed plans for the development of bionic robot parts such as structural components and joints, driving the stock price up by 38% on February 20. If the company makes any breakthroughs in these related business areas, it will be seen by the market as having established advantages in manufacturing technology and product supply. Citi said that the market expects Minth to fully utilize its advantages in new energy vehicles and to occupy a favorable position in the Siasun Robot & Automation field. Although it is still in the prototype testing phase, it is expected that Minth has the potential to supply intelligent shells and actuators for Siasun Robot & Automation, which can become a new growth driver. It is expected that there will be a revaluation of the stock in the near future, initiating a 90-day observation period for positive catalysts.