Bank of America: Raise the target price of Minmetals Land Co., Ltd (01999.HK) to HK$5.3 and maintain a "neutral" rating.

Intelligence Finance App learned that Bank of America Merrill Lynch has issued a research report stating that it has raised the target price of Minth Group (01999.HK) from 4.6 Hong Kong dollars to 5.3 Hong Kong dollars, an increase of 15%. The bank reiterated its "neutral" investment rating on Minth because the resilience of its profit margin and a 6% dividend yield partially offset the uncertainties of tariff policies and domestic demand. The bank lowered its net profit forecast for the fiscal year 2026 by 2% to reflect the tariff increase announced in October under Section 232.