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Citi: assigns miniso a "buy" rating with a target price of HKD 52.5.
Citi released a research report stating a "buy" rating for miniso (09896) with a target price of HKD 52.5. miniso's management has expressed a strong outlook for overseas market sales revenue in the fourth quarter of 2024. The report mentions that the management expects accelerated sales and net income growth year-on-year in 2025, driven by high sales growth and profit expansion in overseas markets. The management anticipates a 25-30% year-on-year increase in group revenue for the fourth quarter of 2024, which includes an expected 45-50% year-on-year growth in overseas sales; the sales in china for miniso are expected to grow by a low single-digit percentage year-on-year.
Citi: The likelihood of the spread between 10-year French government bonds and German government bonds narrowing in the short term is very low.
Citigroup strategists believe that there is little possibility of the spread between French and German 10-year government bonds narrowing in the short term, and the issuance of French bonds on Thursday will further increase the difficulty. The strategist said: "Although news may still be the driving force, the pace of spread widening may slow down after yesterday, but we believe that in the next few months, this situation seems unlikely to reverse." French Prime Minister Barnier forced a social security bill through parliament without a vote, and it is expected that the opposition will hold a vote of no confidence against the French government on Wednesday, which may result in the collapse of the government. Citigroup strategists believe that the market continues to assess this.
Express News | Citigroup : KBW Raises to Outperform From Market Perform
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