Minshi Group (00425) rose more than 6% in early trading. As of press release, it was up 5.87% to HK$15.5, with a turnover of HK$35.462,000.
The Zhitong Finance App learned that Minshi Group (00425) rose more than 6% in early trading. As of press release, it had risen 5.87% to HK$15.5, with a turnover of HK$354.662 million.
According to the news, Minshi Group issued an announcement, and the company granted a total of 30 million share purchase rights. According to GF Securities, the purpose of granting share options is to link employees' interests with the company, stimulate the company to become a global leader in key areas, create long-term value for the company's sustainable and global operations, recognize employees' contributions, and absorb and retain well-skilled employees for the company's continued operation and growth.
Guotai Junan pointed out that competition in the automobile market is becoming increasingly fierce, and car companies continue to launch new energy models, which is beneficial to the development of Minshi Group's battery case business. The sales volume of Minshi Group's new intelligent exterior systems business and chassis structural parts business has begun to rise, and is gradually becoming the engine of Minshi Group's revenue growth. Sales of these two businesses have begun to rise, and diversified businesses are expected to inject new growth impetus into Minshi Group. Furthermore, against the backdrop of a recovery in global passenger car sales, sales in the traditional aluminum and plastics business unit also remained strong. Minshi Group's overall revenue is expected to exceed expectations in 2024.