Kingwoo Financial News | MINISO (09896) stock price made a move, at the time of this report, it is up 5.36%, priced at 48.1 Hong Kong dollars, with a transaction volume of 0.218 billion Hong Kong dollars.
According to news, China Merchants stated that in the short term, the company's domestic Operation is steadily growing and rapidly expanding overseas. In the long run, the Consumer market is vast, and the company's "1 China supply chain + Global IP + Global design + Global channels" strategy creates a solid moat, Bullish on MINISO's steady expansion domestically and continuous high growth in overseas markets, with long-term growth from TOPTOY's ongoing incubation.
HAITONG SEC indicated that MINISO, as a leader in the Global private label retail sector, has ample space for expansion both domestically and abroad. Looking ahead, as the proportion of overseas sales increases, along with brand upgrades and the deepening implementation of the Super IP strategy, the company's profitability is expected to continue to improve.
In Other news, MINISO mentioned during its Earnings Reports conference call the recent hot topic of the "Millet Economy". The company stated that in the third quarter, sales performance in the two-dimensional category improved by 50% compared to the second quarter; it is expected that next year, it will launch MINISO self-developed millet-related peripheral products every month.