00425 Overview

Market Volatility: The market has seen significant fluctuations due to the ongoing Mideast war and changing policies from leaders, prompting caution among investors.

Investment Advice: Daiwa recommends avoiding stocks impacted by Mideast tensions, such as shippers and airlines, and suggests focusing on undervalued stocks instead.

Stock Recommendations: The report highlights specific stocks to consider, including BYD COMPANY, WEICHAI POWER, MINTH GROUP, JD LOGISTICS, and ZOOMLION.

Short Selling Data: The article provides short selling statistics for various stocks, indicating the level of market activity and investor sentiment towards these companies.

BYD Company Performance: BYD Company (01211.HK) saw a stock increase of 1.392% with a short selling ratio of 27.320%, and analysts maintain an "Overweight" rating with a target price of HK$126, highlighting advancements in their 2nd-Gen Blade Battery technology.

Geely Auto Update: Geely Auto (00175.HK) experienced a significant rise of 8.525% in stock price, with a short selling ratio of 17.295%, and is also rated "Overweight" with a target price of HK$25.

Other Automotive Stocks: GAC Group (02238.HK) and Dongfeng Group (00489.HK) are rated "Overweight" with minor stock increases, while BAIC Motor (01958.HK) faced a slight decline and is rated "Equalweight."

Analyst Ratings on BYD: Multiple analysts, including CICC and M Stanley, have reiterated their "Overweight" ratings on BYD, emphasizing its technological breakthroughs and the launch of the 2nd-Gen Blade Battery, which enables fast charging capabilities.

Southbound Capital Inflows: Southbound capital inflows into Hong Kong stocks slowed last week, with a net inflow of HK$6.7 billion, primarily in the information technology, consumer discretionary, and real estate sectors, while telecoms and utilities experienced net outflows.

Top Net Buys: The top net buys included MEITUAN-W, XIAOMI-W, and TENCENT, with significant short selling activity reported for these stocks.

ETF Inflows: There was an acceleration in net inflows into ETFs investing in the Hong Kong market, totaling HK$444.26 billion, with Southbound Stock Connect ETFs seeing a net inflow of HK$1.9 billion.

Top Net Sells: The top net sells over the past two weeks included ZIJIN MINING, CHINA LIFE, and POP MART, indicating a trend of capital outflow from these stocks.

Citi Research Forecasts: Citi Research has slightly raised its revenue and net profit forecasts for MINTH GROUP-100 by 1-2% due to advancements in robotics, AI liquid cooling, and overseas EV components, increasing the target price from $46 to $56.

Strong NEV Sales: The company's NEV sales in Europe have remained robust, and the upcoming national standard for EV batteries, effective June 2026, is expected to benefit quality manufacturers like MINTH GROUP-100, boosting confidence in its revenue growth.

Buy Rating Maintained: Citi Research has maintained a "Buy" rating on MINTH GROUP-100, noting its projected 2026 PE ratio of 13x is significantly lower than that of SANHUA's H-shares, which is around 30x.

Upside Catalyst Watch: The broker has placed MINTH GROUP-100 on a 90-day upside catalyst watch, which is set to end on April 22.

AGIBOT's Market Entry: AGIBOT launched a series of general embodied robot products and industry solutions at a press conference in Munich, marking its entry into the German market.

Strategic Partnership: The company established a strategic cooperation agreement with MINTH GROUP, focusing on integrating technology and industry resources to enhance robotic technology deployment in Europe.

Stock Performance: MINTH GROUP's stock price has decreased by 2.372% but has risen 35% year-to-date, significantly outperforming the HSI's 4% increase, driven by positive market expectations for its humanoid robot and liquid cooling sectors.

Global Production Advantage: Morgan Stanley highlights MINTH GROUP's competitive edge due to its established factories in the US, Canada, and Mexico, positioning it favorably against other Chinese suppliers.

Joint Venture Announcement: The company has announced a joint venture with LEADER HARMONIOUS to enhance its humanoid robot module assemblies in the North American market.

Analyst Rating Update: Morgan Stanley has maintained an Overweight rating on MINTH GROUP, increasing its target price from HKD43 to HKD50, and raised its mid-term growth forecast from 7% to 9% based on anticipated revenue growth in key business areas.