Core Viewpoint - MINISO Group Holding Limited announced a change in the venue for its annual general meeting of shareholders scheduled for June 20, 2024, due to administrative reasons [1]. Group 1: Company Overview - MINISO Group is a global value retailer that offers a variety of trendy lifestyle products featuring IP design [2]. - The company serves consumers primarily through a large network of MINISO stores, promoting a relaxing and engaging shopping experience [2]. - Aesthetically pleasing design, quality, and affordability are central to MINISO's product portfolio, which is frequently updated with new offerings [2]. - Since its first store opening in China in 2013, MINISO has established itself as a globally recognized brand with a massive store network worldwide [2].

Investment Rating - The report maintains an "OUTPERFORM" rating for MINISO Group with a target price of USD 31.90, reflecting a potential upside from the current price of USD 24.15 [2][4]. Core Insights - MINISO's revenue for Q1 reached RMB 3.72 billion, representing a 26% year-over-year increase. The gross profit margin hit a record high of 43.4%, up 4.1 percentage points year-over-year [8]. - The company has shown robust growth in both domestic and overseas markets, with domestic revenue at RMB 2.5 billion (up 16% YoY) and overseas revenue at RMB 1.22 billion (up 53% YoY) [8]. - The adjusted net profit for Q1 was RMB 617 million, a 28% increase YoY, with an adjusted net profit margin of 16.6% [8]. Financial Performance Summary - Revenue projections for 2024-2026 are RMB 17.6 billion, RMB 22.0 billion, and RMB 26.8 billion, respectively, with adjusted net profits of RMB 2.88 billion, RMB 3.67 billion, and RMB 4.53 billion [4][8]. - The company plans to open 80-100 new stores in the U.S. in 2024, indicating a strong expansion strategy [8]. - The gross profit margin is expected to continue improving due to increased overseas direct sales and optimization of product mix [8]. Market Position and Competitive Landscape - The report highlights that MINISO's TOPTOY segment has reached a turning point, with revenue growth of 55% YoY and profitability achieved for two consecutive quarters [8]. - The company is focusing on product innovation and enhancing its instant retail business to sustain same-store sales performance [8]. - MINISO's valuation has been adjusted to a 25x price-to-earnings ratio for 2024, reflecting confidence in its growth trajectory [4].

Core Viewpoint - MINISO Group Holding Limited (MNSO) has shown a significant price increase of 17% over the past four weeks, with a mean price target of $29.99 indicating a potential upside of 25.3% from the current price of $23.93 [1] Price Targets and Analyst Consensus - The mean price target consists of four short-term estimates with a standard deviation of $1.62, suggesting a relatively high agreement among analysts regarding the stock's price movement [1] - The lowest estimate of $27.90 indicates a 16.6% increase, while the most optimistic target is $31.86, reflecting a potential surge of 33.1% [1] - Analysts' price targets can often mislead investors, as empirical research shows that they rarely indicate the actual price direction of a stock [3][4] Earnings Estimates and Market Sentiment - Analysts have revised MNSO's earnings estimates upward, with a 12.6% increase in the Zacks Consensus Estimate over the past month, indicating positive sentiment regarding the company's earnings prospects [5] - The company holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, which supports the potential for stock upside [5] Conclusion on Investment Decisions - While the consensus price target may not be a reliable indicator of MNSO's potential gains, the direction implied by the price movement appears to be a useful guide for investors [5]

Core Insights - The retail sector is divided into consumer staples and discretionary segments, both of which are crucial for U.S. GDP growth [1] - High interest rates have negatively affected consumer spending, but potential rate cuts in the next 12 to 18 months may create opportunities in undervalued consumer stocks [1] - A portfolio of selected consumer stocks is expected to outperform index returns over the next 36 months [1] Consumer Staples - Altria Group (MO) has seen a year-to-date stock increase of nearly 14%, with a forward P/E ratio of 9 and a dividend yield of 8.53% [3][4] - Altria is transforming its business focus towards non-smoking products while still relying on the smokable segment for cash flow [3] - The company reported a shipment volume of NJOY consumables at 10.9 million units, with a retail share increase to 4.3% in the U.S. [3] Consumer Discretionary - PepsiCo (PEP) has a dividend yield of 2.96% and has shown attractive valuations despite subdued growth [6] - For Q1 2024, PepsiCo reported organic revenue growth of 2.7% YOY, with a full-year guidance of 4% organic growth and 8% EPS growth [6] - PepsiCo's total revenue for the last financial year was $92 billion, with $36 billion from international markets, indicating growth potential in Asia Pacific and AMESA regions [6][7] Growth Stocks - Miniso Group (MNSO) stock has increased over 45% in the last 12 months, with a forward P/E ratio of 24 and a dividend yield of 1.67% [8] - Miniso reported Q1 2024 revenue growth of 26% YOY to $515.7 million, with an adjusted EBITDA margin of 25.9% [8] - The company plans to open 900 to 1,100 stores annually from 2024 to 2028, expecting revenue growth at a CAGR of over 20% during this period [8]

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today May 16th:Powell Industries (POWL) : This metal-working shop which support the petrochemical facilities, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.9% over the last 60 days.Powell Industries has a PEG ratio of 1.32 compared with 1.57 for the industry. The company possesses a Growth Score of A.PDD Holdings Inc. (PDD) : This ...

Group 1: PDD Holdings Inc. (PDD) - PDD Holdings provides an e-commerce platform focused on group buying deals primarily through Tencent's Wechat app [1] - The company has a Zacks Rank of 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings has increased by 18% over the last 60 days [1] - PDD Holdings has a PEG ratio of 0.34, significantly lower than the industry average of 0.58 [1] - The company possesses a Growth Score of A [1] Group 2: MINISO Group Holding Limited (MNSO) - MINISO offers design-led lifestyle products and holds a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 10.7% over the last 60 days [1] - MINISO has a PEG ratio of 1.05, compared to the industry average of 1.29 [1] - The company possesses a Growth Score of B [1] Group 3: Royal Caribbean Cruises (RCL) - Royal Caribbean operates three global brands: Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises [2] - The company has a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 9.5% over the last 60 days [2] - Royal Caribbean has a PEG ratio of 0.43, significantly lower than the industry average of 1.60 [2] - The company possesses a Growth Score of B [2]

Exhibit 99.7 MINISO Group Holding Limited (A company incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限責任公司) Stock Code 股份代號: 9896 年度報告 2023* ANNUAL REPORT ...

Core Viewpoint - MINISO Group reported strong financial results for the quarter ended March 31, 2024, with significant year-over-year growth in revenue, gross profit, and store expansion, driven by effective IP and globalization strategies [1][7]. Financial Highlights - Revenue reached RMB3,723.5 million (US$515.7 million), a 26.0% increase year over year [2][8]. - Gross profit was RMB1,616.5 million (US$223.9 million), reflecting a 39.1% year-over-year increase [2][10]. - Gross margin improved to 43.4%, up from 39.3% in the same period of 2023 [2][11]. - Operating profit increased by 29.1% to RMB743.3 million (US$102.9 million) [2][14]. - Profit for the period was RMB586.0 million (US$81.2 million), a 24.4% increase year over year [2][14]. - Adjusted net profit rose by 27.7% to RMB616.9 million (US$85.4 million) [2][14]. - Adjusted EBITDA was RMB965.3 million (US$133.7 million), marking a 36.7% increase year over year [2][14]. Operational Highlights - As of March 31, 2024, MINISO operated 6,630 stores globally, with a net addition of 217 stores in the March Quarter, nearly tripling the previous year's figure [3][5]. - The number of MINISO stores in mainland China reached 4,034, with a net addition of 108 stores in the March Quarter [3][5]. - Overseas stores totaled 2,596, with a net opening of 109 stores, significantly up from 16 in the same period last year [3][5]. - TOP TOY stores increased to 160, with a year-over-year growth of 44 stores [3][5]. Revenue Breakdown - Revenue from mainland China increased by 16.2% to RMB2,501.7 million (US$346.5 million), driven by a 15.6% increase in offline store revenue [8][9]. - Revenue from overseas markets surged by 52.6% to RMB1,221.9 million (US$169.2 million), attributed to a 19.7% expansion in average store count and a robust same-store sales growth of around 21% [9][10]. - Revenue from directly operated overseas markets contributed approximately 58% to total overseas revenue, indicating strong performance in these regions [10][11]. Management Commentary - The CEO highlighted the fastest pace of store openings in the first quarter ever and expressed confidence in achieving a net addition of 900 to 1,100 stores in 2024 [7]. - The CFO noted that gross margin reached 43.4%, higher than the previous peak season, and emphasized the company's focus on improving gross margin through core capabilities [7][12].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to capitalize on established price movements for profitable trades [1] Company Overview: MINISO Group Holding Limited (MNSO) - MNSO currently holds a Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2] - The stock has shown significant price increases, with a 1.65% rise over the past week and a 14.16% increase over the past month, outperforming its industry [3] Price Performance - Over the past quarter, MNSO shares have risen by 45.84%, and by 43.57% over the last year, significantly outperforming the S&P 500, which increased by 3.78% and 27.1% respectively [3] Trading Volume - MNSO's average 20-day trading volume is 1,411,682 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the last two months, 2 earnings estimates for MNSO have been revised upwards, increasing the consensus estimate from $1.17 to $1.24 [5] - For the next fiscal year, 2 estimates have also moved upwards with no downward revisions, indicating positive earnings momentum [5] Conclusion - Given the strong performance metrics and positive earnings outlook, MNSO is positioned as a strong buy candidate with a Momentum Score of A [6]

MINISO Group Holding Limited Unsponsored ADR (MNSO) closed the last trading session at $23.14, gaining 9.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $29.59 indicates a 27.9% upside potential.The average comprises three short-term price targets ranging from a low of $27.90 to a high of $31.86, with a standard deviation of $2.04. While the lowest estimate indicates an increase ...