Bank of America Securities: Upgrade Minsheng Real Estate Group (00425.HK) target price to 36 Hong Kong dollars, optimistic about new business.

According to the Wisdom Finance APP, Bank of America Securities released a research report stating that it has raised the earnings per share forecast for Minth Group (00425.HK) for the years 2025 to 2027 by 0.4%, 3%, and 2% respectively, to reflect the performance in the first half of this year and new growth assumptions. The latest target price has been raised from the original 30 Hong Kong dollars to 36 Hong Kong dollars, mainly reflecting the updated earnings forecast and the target P/E ratio being raised to 12 times (originally 10 times). The bank is optimistic about stronger revenue growth prospects based on updated new order targets and new businesses; it reiterated a "buy" rating, as the bank is optimistic about Minth's new businesses and expects sustainable profit growth from 2025 to 2027.