MINISO Group Holding Ltd

NYSE:MNSOUnited States

Oct 23, 2024

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• --Nomura Trims Price Target on MINISO Group Holding to $25.60 From $25.90, Keeps Buy Rating, from 6:19AM ET on Wednesday Oct 23, 2024 by MT Newswires

  6:19AM ET on Wednesday Oct 23, 2024 by MT Newswires
  Companies Mentioned: MNSO
  06:19 AM EDT, 10/23/2024 (MT Newswires) -- Price: 18.34, Change: +0.75, Percent Change: +4.26 ...

• DJ Miniso May Report 3Q Revenue Growth on Overseas Strength -- Market Talk, from 5:09AM ET on Wednesday Oct 23, 2024 by Dow Jones

  5:09AM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: MNSO
  
  0909 GMT - Miniso could report a 20% rise in 3Q revenue, thanks to strong overseas growth, Citi analysts write in a note. The bank forecasts group gross margin likely continued expanding for the quarter despite higher operating expenses and sales ratio, they add. Citi maintains its full-year net profit and sales forecasts, and notes 4Q is typically a high season for growth in directly operated markets. Miniso's new IP rollout could also boost sales, it adds. Citi keeps a buy rating on the stock with a target price of HK$52.2. Shares last closed at HK$35.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
  

• DJ Miniso Likely to See Faster Sales Growth in 4Q -- Market Talk, from 4:37AM ET on Wednesday Oct 23, 2024 by Dow Jones

  4:37AM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: MNSO
  
  0837 GMT - Miniso Group may see faster sales growth in 4Q, driven by the launch of its Harry Potter-themed products, scheduled for the end of October, Nomura analysts write. The launch is expected to boost sales, given the recent success of Harry Potter pop-up stores in China and Hong Kong, they add. In addition, 4Q tends to be seasonally stronger for overseas markets due to holiday shopping demand, the analysts note. Nomura forecasts 4Q overseas sales to grow 57% on year. Nomura maintains a buy rating and lowers the target price to $25.60 from $25.90. Shares last closed at $17.59. (jiahui.huang@wsj.com; @ivy_jiahuihuang)