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Zhongjin: Maintains 'outperform' rating on Miniso, target price raised to HK$44.6
On October 30, Jinshi Data reported that CICC released a research report stating that it maintains a "outperform" rating on MINISO (09896.HK), with unchanged EPS forecasts of 2.15/2.59 yuan for 2024/25; considering the fourth quarter entering the peak season to catalyze the valuation increase, the target price of Hong Kong stocks has been raised by 9% to HKD 44.6. The bank participated in the 2024 global brand strategy upgrade achievement release conference hosted by MINISO and conducted research on the newly opened Shanghai MINISO LAND store in October.