Stock Track | MINISO Soars on Strong Q3 Revenue Outlook

Stock Track10-22

Shares of MINISO Group Holding Limited (MNSO) surged by 5.01% on Monday, following analyst expectations of robust third-quarter revenue growth for the lifestyle product retailer.

According to Citi analysts, MINISO's Q3 revenue is likely to have risen by 20% year-over-year, driven by strong growth in overseas markets. The analysts attributed the anticipated revenue increase to overseas distributors' restocking demand, particularly ahead of the holiday season in the fourth quarter.

Citi further noted that MINISO's gross profit margin could have widened during the period due to 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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