Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about MINISO Group Holding Limited Unsponsored ADR (MNSO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.MINISO ...

Core Viewpoint - MINISO Group Holding Limited plans to release its 2024 June quarter and interim results on August 30, 2024, before the U.S. market opens [1] Group 1: Financial Results Announcement - The earnings conference call will take place at 5:00 A.M. Eastern Time on August 30, 2024 [1] - The conference call can be accessed via a Zoom link or by dialing specific numbers [1][2] Group 2: Company Overview - MINISO Group is a global value retailer known for trendy lifestyle products featuring IP design [3] - The company has established a large network of MINISO stores, promoting an engaging shopping experience [3] - Since its first store opening in China in 2013, MINISO has built a globally recognized retail brand and a massive store network [3]

本次电话会议仅服务于星业证券客户会议音频及文字记录的内容版权为星业证券所有内容必须经星业证券审核后方可留存未经允许和授权转载转发此次会议内容均属侵权 星夜证券将保留追究其法律责任的权利电话会议所有参会人员不得泄露内幕信息以及未公开重要信息涉及外部嘉宾发言的星夜证券不保证其发言内容的准确性与完整性 商业证券不承担外部嘉宾发言内容所引起的任何损失及责任不承担因转载转发引起的任何损失及责任市场有风险投资需谨慎提醒投资者注意投资风险审慎参考会议内容 好的各位投资人大家上午好欢迎今天七点半继续收听我们的新生海外100奖系列那今天我们跟大家分享的是性价比消费的第一篇明创优品的深度我还记得 Q1的时候跟大家把民生有品的模式又做了一个梳理包括跟海外的对标那么经过了一年其实短短一年的变化其实我们看到民生有品在海外的市场扩张已经迈向一个新的阶段包括最近的美国市场其实取得了比我预期而言更快的进展那么 我们从对标的角度来讲其实看民生有品这样一个折扣零售商的发展模式 美国在中部和东部发源的包括沃尔玛包括Costco以及后面的一些专营的零售商是比较类似的他们的发展其实是先找到一个定位一个非常好的在大众心中有清晰印象的这么一个定位然后去扩 ...

[Table_Title] 【 广 发 商 社 & 海 外 】 名 创 优 品 (MNSO/09896.HK) 引领新零售，品牌出海进行时 [Table_Summary] 核心观点：（若无特别说明，本文货币单位均采用人民币单位） ⚫ 玩转 IP 联名，高频上新叠加吸睛设计能力，打造差异化新零售品牌。 当前消费环境下，生活家居等刚需性较强的标品的"低价"对刺激消 费作用有限，零售商需加码产品的情绪价值和颜值价值来夯实产品力。 基于品牌升级的战略，公司的产品结构从 100%性价比产品，升级为 "30%品牌升级+70%性价比"。公司目标是成为全球第一的 IP 设计零 售集团，并提出将在 2028 年实现 50%的 IP 产品销售和 50%的高性价 比产品销售结构。公司持续优化品类结构，IP 收入占比提升能持续拉 动集团整体毛利率。公司的 IP 运营时间长，自有品牌对国内、国际大 IP 授权的可得性、议价能力较强；同时 IP 运营经验丰富，有强大供应 链能力支撑，保障上新频率和新品质量。 ⚫ 公司前瞻布局海外市场，沉淀选品、选址经验，已取得初步成效，未 来五年仍为主力扩张驱动，集团目标未来 5 年海外业务翻四番。公司 ...

The most recent trading session ended with MINISO Group Holding Limited Unsponsored ADR (MNSO) standing at $16.68, reflecting a -0.12% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.11% gain on the day. At the same time, the Dow added 1.64%, and the tech-heavy Nasdaq gained 1.03%.Shares of the company have depreciated by 12.38% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 2.12% and the S&P 500's loss of 1.16%.The investment comm ...

Investment Rating - The report maintains an "Accumulate" rating for the company [2][3]. Core Views - The company is expected to achieve revenue growth of approximately 23.5% in FY2024Q2, with projected revenue around 4.017 billion RMB. Domestic revenue is anticipated to grow by 17%, while overseas direct and agency markets are expected to grow by 60% and 15%, respectively [3][6]. - The company is projected to have revenue of 17.356 billion RMB, 20.980 billion RMB, and 25.101 billion RMB for the years 2024, 2025, and 2026, respectively, with adjusted net profits of 2.869 billion RMB, 3.448 billion RMB, and 4.132 billion RMB for the same years [3][6]. - The target price is set at 49.60 HKD based on a 20x PE for 2024, indicating significant growth potential driven by domestic store expansion and accelerated overseas store openings [3][6]. Summary by Sections Financial Performance - The company is expected to see a significant increase in revenue and net profit over the next few years, with a projected revenue growth rate of 51.28% for FY2024 and 20.88% for FY2025 [6]. - The gross profit margin is expected to stabilize quarter-on-quarter and improve year-on-year, with an adjusted operating profit margin of approximately 19% and an adjusted net profit margin of around 16% for FY2024Q2 [3][6]. Market Expansion - The company plans to open 70-80 new stores domestically and approximately 150 stores overseas in FY2024Q2, aligning with its annual target of 350-450 domestic stores and 550-650 overseas stores [3][6]. - The introduction of the Chiikawa brand is expected to significantly boost domestic sales, with the potential to replicate the successful sales performance of the 2023 Barbie series [3][6]. IP Strategy - The report highlights the importance of the company's IP strategy in enhancing brand strength and driving sales, particularly in high-profit margin products [3][6]. - The ongoing expansion in high-tier cities and the optimization of product offerings in overseas markets are expected to further enhance the company's profitability and operational efficiency [3][6].

MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $17.81 in the latest trading session, marking a -1.49% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.16% for the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.06%.Coming into today, shares of the company had lost 9.19% in the past month. In that same time, the Retail-Wholesale sector lost 1.16%, while the S&P 500 gained 1.96%.Analysts and investors alike will be keeping ...

研究报告 Research Report 22 Jul 2024 名创优品 MINISO Group (MNSO US) 名创优品季报前瞻:海外展店加速,业绩表现坚韧 2Q24 Preview: Overseas Expansion Accelerated, Resilient Results Maintained [Table_yemei1] 观点聚焦 Investment Focus | --- | |---------------------------| | [Table_Info] 维持优于大市 | | 评级 | | 现价 | | 目标价 | | --- | --- | |-----------------------|-------------------| | 市值 | US$5.43bn | | 日交易额 (3 个月均值) | US$27.64mn | | 发行股票数目 | 314.82mn | | 自由流通股 (%) | - | | 1 年股价最高最低值 | US$29.64-US$16.06 | 注:现价 US$17.14 为 2024 年 07 月 19 日收盘价 75 100 125 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The opening of flagship stores in key global locations, along with the company's IP strategy and supply chain expansion, is expected to drive growth [3] - The company has successfully launched its "super store" flagship in Singapore, enhancing brand recognition and sales through strategic partnerships and live events [3] - The ongoing rollout of global flagship stores is anticipated to elevate consumer awareness of the MINISO brand, contributing to brand upgrade efforts [3] - The company's IP strategy is effectively enhancing brand strength, with IP products accounting for approximately 25% of domestic sales and over 40% of overseas sales in Q1 2024 [3] - MINISO is positioned to leverage its domestic supply chain advantages to expand into overseas markets, particularly in Europe and the US, which are experiencing rapid growth [3] - The forecast for Non-IFRS net profit for FY2024-2026 is set at 2.60 billion, 3.27 billion, and 3.83 billion yuan, reflecting year-on-year growth rates of 42%, 26%, and 17% respectively [3] Financial Summary - Total revenue is projected to grow from 11,473 million yuan in FY2023 to 23,133 million yuan in FY2026, with a compound annual growth rate (CAGR) of approximately 18.81% [2][8] - The company's net profit is expected to increase significantly, from 1,769 million yuan in FY2023 to 3,791 million yuan in FY2026, indicating a strong growth trajectory [2][8] - The latest diluted EPS is forecasted to rise from 1.40 yuan in FY2023 to 3.01 yuan in FY2026, showcasing improved profitability [2][8] - The P/E ratio is projected to decrease from 24.62 in FY2023 to 11.49 in FY2026, suggesting an attractive valuation as earnings grow [2][8]

In the latest trading session, MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $19.36, marking a +1.04% move from the previous day. This move outpaced the S&P 500's daily loss of 0.88%. Elsewhere, the Dow saw an upswing of 0.08%, while the tech-heavy Nasdaq depreciated by 1.95%.The the stock of company has fallen by 10.8% in the past month, lagging the Retail-Wholesale sector's gain of 1.55% and the S&P 500's gain of 5.11%.Market participants will be closely following the financial results of ...