Credit Lyonnais has released a research report stating that, considering MINTH GROUP's (00425) new orders, the firm has raised its net profit forecasts for the company by 1% and 2% for this year and next year respectively, while lowering the 2027 profit forecast by 2% to reflect gross margin predictions. Due to continued liquidity recovery and diversified business expansion, the target price has been raised from HK$25 to HK$36, maintaining an "outperform" rating.

MINTH GROUP's first-half gross margin was 28.3%, down 0.2% year-on-year. However, the firm noted that as OEMs are willing to compensate the company for tariff losses and the product mix has stabilized, the company's gross margin is expected to improve in the second half.

Additionally, the company is becoming more internationalized, with revenue from China declining to 35% in the first half, compared to 40.8% in the same period last year. The firm expects this figure to further decline to 30% in the coming years.