Miniso Group's Earnings Growth Intact Despite 3Q Miss -- Market Talk

Dow Jones12-02

0510 GMT - Miniso Group's earnings growth remains intact despite weaker-than-expected 3Q results, Nomura analysts say, citing the company's unchanged full-year earnings guidance. Miniso reiterated 2024 guidance for 20%-30% revenue growth with CNY2.8 billion in adjusted net profit, the analysts say in a research report. It also expects faster revenue and earnings growth in 2025, given its positive overseas business outlook. Long term, the Chinese retailer could gradually evolve into an attractive business model that likely deserves valuation premium, the analysts add. Nomura raises its target on ADRs to US$26.30 from US$25.60 and maintains a buy rating. ADRs last quoted at US$20.01. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 02, 2024 00:10 ET (05:10 GMT)

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Miniso reiterated ...</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":"2488864527","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488864527","pubTimestamp":1733116200,"columns":[],"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":"0510 GMT - Miniso Group's earnings growth remains intact despite weaker-than-expected 3Q results, Nomura analysts say, citing the company's unchanged full-year earnings guidance. 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