Miniso's 2H Margins Could Improve Sequentially on Overseas Peak Season -- Market Talk

Dow Jones05-28

0509 GMT - Miniso's 2H margins are likely to improve sequentially as overseas stores should see stronger sales from the peak season, say DBS Group Research's Clement Xu and Mavis Hui in a note. The U.S. market has been the Chinese lifestyle retailer's largest margin drag due to its directly operated store model, the analysts say. However, the operating margin for the U.S. segment has already started to recover and should continue to gain as benefits from its operations' scale materialize, they add. DBS cuts its Hong Kong share target price to HK$39.00 from HK$46.00 and trims its ADR target price to US$20.00 from US$24.00. Shares drop 2.2% to HK$23.82, while the ADRs last closed 3.8% lower at US$12.47. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 28, 2026 01:09 ET (05:09 GMT)

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The U.S. market has been the Chinese lifestyle retailer's largest margin drag due to its directly operated store model, the analysts say. However, the operating margin for the U.S. segment has already started to recover and should continue to gain as benefits from its operations' scale materialize, they add. DBS cuts its Hong Kong share target price to HK$39.00 from HK$46.00 and trims its ADR target price to US$20.00 from US$24.00. Shares drop 2.2% to HK$23.82, while the ADRs last closed 3.8% lower at US$12.47. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2026 01:09 ET (05:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2638365447","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2638365447","pubTimestamp":1779944940,"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":"0509 GMT - Miniso's 2H margins are likely to improve sequentially as overseas stores should see stronger sales from the peak season, say DBS Group Research's Clement Xu and Mavis Hui in a note. 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However, the operating margin for the U.S. segment has already started to recover and should continue to gain as benefits from its operations' scale materialize, they add. DBS cuts its Hong Kong share target price to HK$39.00 from HK$46.00 and trims its ADR target price to US$20.00 from US$24.00. Shares drop 2.2% to HK$23.82, while the ADRs last closed 3.8% lower at US$12.47. 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