Miniso Likely to See Faster Sales Growth in 4Q -- Market Talk

Dow Jones10-23

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)

(END) Dow Jones Newswires

October 23, 2024 04:37 ET (08:37 GMT)

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