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<Research>Citi Initiates 90-Day Upside Catalyst Watch on MINTH GROUP
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Citi has published a report initiating a 90-day upside catalyst watch on MINTH GROUP (00425.HK) with a target price of HKD46 and a rating of Buy.

According to the report, it is likely that large-scale deliveries of AI liquid cooling products have already commenced in January, and that MINTH GROUP will secure further orders in the AI liquid cooling sector. Citi also believes the reintroduced subsidy policy in Germany may pose an upside risk to the company's sales in Europe.

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