MINISO Group Boosts Beauty Product Procurement Strategy

TipRanksDec 20 07:13 ET

Consumer Cos Flat as Traders Weigh Fed Plans -- Consumer Roundup

Dow JonesDec 19 18:09 ET

Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a

The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.

wallstreetcnDec 17 18:21 ET

Mama's Creations Posts Weak Earnings, Joins EVgo, Red Cat Holdings And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

BenzingaDec 17 08:04 ET

[Brokerage Focus] Huachuang Securities has upgraded MINISO (09896) to a 'Strong Buy' rating, indicating that its overseas store openings are performing well.

Jinwu Financial News | According to Huachuang Securities' research report, MINISO (09896) reported a 19.3% year-on-year revenue growth in Q3 2024, reaching 4.52 billion yuan, with adjusted Net income (Non-IFRS) at 0.69 billion yuan, a year-on-year increase of 6.9%, all meeting expectations. The report states that domestic revenue in Q3 2024 was 2.71 billion yuan, +8.7% year-on-year, among which MINISO brand revenue grew by 5.7% year-on-year to 2.44 billion yuan, while TOPTOY brand revenue surged by 50.4% year-on-year to 0.27 billion yuan. From Q1 to Q3 of 2024, the net increase in domestic stores was 324, bringing the total to 4250 stores, and the store opening pace is in line with expectations.

Golden Watch Financial NewsDec 16 02:49 ET

[Brokerage Focus] Guosheng Securities maintains a "Buy" rating on MINISO (09896), indicating that its profitability has clearly improved and its performance continues to exceed expectations.

Jingwu Financial News | Guosheng Securities research report indicates that MINISO (09896) achieved revenue of 12.281 billion yuan in Q1-Q3 2024, a year-on-year increase of 22.8%. The adjusted Net income reached 1.928 billion yuan, with a year-on-year increase of 13.7%. Excluding foreign exchange gains and losses, the adjusted Net income increased by 18.3% year-on-year. In Q3 2024, the revenue was 4.523 billion yuan, up 19.3% year-on-year, and the adjusted Net income was 0.686 billion yuan, a 6.9% year-on-year increase. The report states that as a Global leader in daily necessities retail, the company is rapidly expanding worldwide with a light asset model, leveraging advantages in channels and supply chains, and has also incubated trendy toys.

金吾财讯Dec 16 00:55 ET