HK Stock Market Move | MINTH GROUP (00425) up more than 5%, company enters the humanoid Siasun Robot&Automation industry chain. Citigroup is optimistic about the company's value reappraisal.

MINTH GROUP (00425) rose more than 5%, as of the time of writing, it rose by 5.01%, to 22 Hong Kong dollars, with a turnover of 169 million Hong Kong dollars. On the news front, a CMSC research report pointed out that according to the company's management, the company has begun to comprehensively layout new businesses. In terms of humanoid Siasun Robot&Automation, the company has entered the humanoid Siasun Robot&Automation industry chain, and has made breakthroughs in structural components, joints, intelligent skin, masks, etc. There are already 60-70 sets of samples for limb structural components, joints are in the sampling stage, and intelligent surface electromechanical skin is in the solution stage. As for the low-altitude VTOL (vertical take-off and landing) aircraft products, the products include fuselage and door systems, which have multiple customers and high value. In addition, Chairman Qin Ronghua has invested approximately 10 million US dollars in xAI, an artificial intelligence company founded by Musk. The company has also established the Min Research Institute to focus on new business development. Citigroup also stated that the market expects the company to fully utilize its advantages in the new energy vehicle sector and to occupy a favorable position in the Siasun Robot&Automation field. The bank reiterated a "buy" rating for MINTH GROUP and raised its target price from 23 Hong Kong dollars to 31 Hong Kong dollars. Citigroup predicts that Minth has the potential to supply intelligent shells and actuators for Siasun Robot&Automation, which can be a new growth driver. They expect a valuation revaluation in the near future and have initiated a 90-day positive catalyst observation period.