Citi: Initiates 90-day catalyst observation on Minth Group (00425)

Citigroup has released a research report stating that they have initiated a 90-day upward catalyst observation on MINITH GROUP (00425), with a target price of HK$46 and a rating of "buy." The report indicates that the mass delivery of AI liquid cooling products is likely to have started in January, and it is expected that MINITH will further secure orders in the field of AI liquid cooling. In addition, the bank believes that Germany's reintroduction of subsidy policies may bring upward risks to MINITH's European sales. Other catalyst factors include the manageable impact of rising aluminum prices; limited impact of the increase in Mexican tariffs, expected to involve approximately $1 million by 2026; Siasun Robot & Automation business is estimated to contribute approximately 100 million RMB in revenue by 2026; attractive valuation, with a dividend yield of 3.8% and a payout ratio of 40%.