Miniso May Report 3Q Revenue Growth on Overseas Strength -- Market Talk

Dow Jones10-23

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)

(END) Dow Jones Newswires

October 23, 2024 05:09 ET (09:09 GMT)

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The bank forecasts group gross margin likely continued expanding for the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MNSO","symbol_name":"名创优品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477083793","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477083793","pubTimestamp":1729674540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0909 GMT - Miniso could report a 20% rise in 3Q revenue, thanks to strong overseas growth, Citi analysts write in a note. 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