Hong Kong stock market changes: Miniso (09896) is up more than 4% now, and the flagship store on Champs-Elysees in France opened recently, setting a new record for overseas daily revenue.

According to the Zhitong Finance APP, Miniso (09896) is now up more than 4%, reporting 4.03%, at HKD 37.45, with a turnover of HKD 25.10 million. On the news front, Miniso's flagship store on the Champs-Élysées in France opened on June 22, with first-day sales of EUR 576,800, breaking the record for overseas single-day sales. In 2023, Miniso's GMV in the European market grew by nearly 70% YoY; in the first quarter of 2024, GMV in the European market increased by more than 80% YoY. Changjiang Securities pointed out that supply chain advantages are the foundation for Miniso to promote the cost-performance flywheel and also for the company to grow.

Zhitong FinanceJul 3 21:57 ET

Fewer Investors Than Expected Jumping On MINISO Group Holding Limited (NYSE:MNSO)

It's not a stretch to say that MINISO Group Holding Limited's (NYSE:MNSO) price-to-earnings (or "P/E") ratio of 16x right now seems quite "middle-of-the-road" compared to the market in the United Sta

Simply Wall StJul 3 14:18 ET

[Brokerage Focus] CICC points out that consumer downgrading is still the industry theme. In the second half of the year, there is a preference for optional consumption.

Jinwu Finance | CCB International stated that it has met with investors in Hong Kong, Singapore, and Malaysia in the past two weeks. Investors generally believe that (1) Chinese consumers prefer high-cost-effective products, (2) the popularity of domestic brands is rising, (3) China's lower-tier cities offer better growth potential, (4) the expansion of service consumption is leading to long-term growth opportunities, and (5) overseas expansion seems inevitable. The bank stated that due to overall market correction and slower profit growth, the valuations of the optional consumption and necessary consumption sectors have been lowered to 12.2 times the expected PE in 2024.

金吾財訊Jul 3 01:30 ET

Top Gap Ups and Downs on Tuesday: TSLA, MUFG, SMFG and More

Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.

Moomoo NewsJul 2 20:23 ET

MINISO Group Opens Flagship Store in Paris

MINISO Group Holding (MNSO) said Wednesday it has opened its new global flagship store at 104 Avenue des Champs-Elysees in Paris on Saturday. The China-based lifestyle retailer said it plans to establ

MT NewswiresJun 26 10:30 ET

MINISO Opens New Paris Flagship on Champs-Elysées, Breaking Sales Record and Marking Major Step in Global Expansion Strategy

PARIS, June 26, 2024 /PRNewswire/ -- MINISO, the global lifestyle brand known for its fun, affordable, design-led products, celebrated the grand opening of its brand-new flagship store in Paris on Sa

PR NewswireJun 26 08:54 ET