Miniso's Growth Likely to Remain Strong Despite Margin Pressure -- Market Talk

Dow Jones04-02 15:38

0738 GMT - Miniso's growth should remain strong despite margin pressure, Deutsche Bank's Sammi Xu says in a research note. The company's fourth-quarter adjusted net profit underperformed market consensus, but management's 2026 guidance for high-teens revenue growth and low-single-digit same-store sales growth in both China and the U.S., is a positive sign. "We view the current valuation as an attractive entry point for a double-digit growth company in the China consumer space, which now also offers a decent dividend yield," Xu says. Deutsche Bank keeps a buy rating but trims its target on the stock to HK$41.00 from HK$44.00. Shares last traded at HK$31.80. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 02, 2026 03:38 ET (07:38 GMT)

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The company's fourth-quarter adjusted net profit underperformed market consensus, but management's 2026 guidance for high-teens revenue growth and low-single-digit same-store sales growth in both China and the U.S., is a positive sign. \"We view the current valuation as an attractive entry point for a double-digit growth company in the China consumer space, which now also offers a decent dividend yield,\" Xu says. Deutsche Bank keeps a buy rating but trims its target on the stock to HK$41.00 from HK$44.00. Shares last traded at HK$31.80. 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The company's fourth-quarter adjusted net profit underperformed market consensus, but management's 2026 guidance for high-teens revenue growth and low-single-digit same-store sales growth in both China and the U.S., is a positive sign. \"We view the current valuation as an attractive entry point for a double-digit growth company in the China consumer space, which now also offers a decent dividend yield,\" Xu says. Deutsche Bank keeps a buy rating but trims its target on the stock to HK$41.00 from HK$44.00. Shares last traded at HK$31.80. 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