J.P. Morgan downgraded Fuyao Glass Industry Group (03606.HK) to 'Neutral' and named Minth Group (00425.HK) as its top pick in the sector.

JPMorgan issued a research report stating that Chinese auto parts manufacturers may face challenging market conditions in the coming year. This is primarily due to the slowing growth of domestic automobile and electric vehicle production, the appreciation of the renminbi, and rising commodity prices exerting multiple pressures. The firm downgraded Fuyao Glass (03606.HK) to "Neutral" as, despite the company maintaining over 80% market share in China, signs indicate intensifying industry competition. Its target price was revised downward from HKD 80 to HKD 70. Minth Group (00425.HK) remains JPMorgan’s top pick and is also one of the preferred players in China's auto parts sector.

AASTOCKS16:46

Major Bank Ratings | Citi: Added Minth Group to the 90-day potential upside catalyst watchlist with a target price of HKD 46.

Gelonghui, February 9 | Citi issued a research report stating that Minth Group has announced a framework agreement with Leader Harmonic to establish a joint venture in the United States for the assembly of humanoid robot joint modules. Minth's wholly-owned subsidiary, Min California Minth, will hold 60% of the joint venture’s equity, while Leader Harmonic will retain 40%. Citi believes that this collaboration strategically combines Minth’s strengths in local production and robot/component manufacturing with Leader Harmonic’s technological leadership in the field of reducers. The partnership is expected to significantly increase order volumes from American humanoid robot manufacturers and the joint venture is anticipated to commence operations in the second half of this year.

Gelonghui Finance16:01 · Ratings

UBS Group is optimistic about Minth Group's (00425.HK) robotics business layout, raising the target price to HKD 45.5.

UBS Group issued a research report stating that Minth Group (00425.HK) has signed a framework agreement with Leader Harmonic to establish a joint venture in the United States. This joint venture will engage in the design, manufacturing, and commercialization of humanoid robot joint modules in the North American market. According to the agreement, Minth’s California-based subsidiary is expected to hold a 60% stake in the joint venture. Minth believes that the gradual localization of core component supply is crucial for the sustainable development of its humanoid robot business in the North American market. Due to Minth's progress in the humanoid robot and AI server liquid cooling businesses exceeding the bank's previous expectations, UBS Group has raised its profit forecasts for 2026 to 2030.

AASTOCKS16:00

Minsheng Group's stock price rose as the company signed a joint venture framework agreement with Lüdi Harmonic Drive for humanoid robotics.

Minsun Group announced that it has reached a framework agreement with Lvd Harmonic Drive on the key terms for the proposed establishment of a joint venture in the United States. This joint venture will focus on the design, manufacturing, and commercial expansion of humanoid robot joint modules in North America.

Zhitong Finance09:32

HKG Announcement Insight | Montage Technology priced at HKD 106.89 per share, with the Hong Kong public offering receiving 707.3 times subscription.

Zijin Mining (02899) announced its production planning for key mineral products from 2026 to 2028 and the outline of long-term goals up to 2035; CRRC Times Electric (03898) is projected to achieve a net profit attributable to shareholders of approximately 4.105 billion yuan in 2025, representing a year-on-year increase of 10.88%.

Zhitong Finance08:56

Minth Group rises as the company possesses an effective cost pass-through mechanism, and analysts expect its gross margin to remain stable throughout the year.

Minsheng Group (00425) rose nearly 3%. As of the time of writing, it increased by 1.83%, trading at HKD 36.76 with a turnover of HKD 47.0191 million.

Zhitong FinanceFeb 6 10:12