Stock Track | MINISO Soars 5.14% Intraday Following Strong Earnings Beat

Stock Track04-01

MINISO Group Holding Ltd's stock surged 5.14% during intraday trading on Wednesday, driven by the company's latest quarterly earnings report that significantly exceeded market expectations.

The retailer reported adjusted earnings of 70 fen per share for the quarter ended September 30, surpassing the analyst consensus estimate of 37 fen per share. Revenue also beat forecasts, rising 38.3% year-over-year to CNY6.25 billion, compared to the expected CNY6.11 billion.

Analyst sentiment remains positive with 14 out of 16 analysts rating the stock as "buy" or "strong buy," and the median price target suggests approximately 39.7% upside potential from recent closing levels.

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