Stock Track | MINISO Stock Soars on Robust Q3 Revenue Growth Expectations

Stock Track10-23

Shares of MINISO Group Holding Limited (MNSO) surged by 5.76% on Monday, October 22nd, driven by analyst expectations of strong third-quarter revenue growth for the lifestyle product retailer.

According to analysts at Citi, MINISO's Q3 revenue is likely to have risen by approximately 20% year-over-year. This anticipated growth is attributed to robust demand from overseas markets, with distributors restocking ahead of the holiday season in the fourth quarter.

Citi further noted that MINISO's gross profit margin could have expanded during the period due to a higher sales contribution from intellectual property (IP) merchandise. Despite the positive outlook, the analysts maintained a buy rating on the stock with a target price of HK$52.20.

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