US stocks closed | The three major indices rose and fell unevenly, with Tesla soaring 22%, marking the largest increase in eleven years.
Economic data supports the market's bet on a routine 25 basis point rate cut by the Federal Reserve in November. The US stock market only saw a drop in the Dow, the first four-day consecutive decline since June, dragged down by IBM and Boeing. The Chinese concept index fell by 1.6% before halving its decline, while Li Auto Inc surged more than 1%.
Step Into the Magic: MINISO Canada's New IP Collection Store Opens at Eaton Centre
Miniso (09896.HK): Entered the peak season for overseas agency business in the third quarter, and the pressure of cost rate is gradually easing.
Expected non-IFRS net income in 3Q24 is 0.72 billion yuan, a 12% year-on-year increase. We expect the company's revenue in 3Q24 to be 4.6 billion yuan, a 20% year-on-year increase. Non-IFRS net income is 0.72 billion yuan, a year-on-year increase.
Haitong Int'l: Miniso (MNSO.US) is expected to have a stable performance in the third quarter, with a gradual confirmation of the turning point in the fourth quarter.
haitong int'l released a research report indicating that miniso (MNSO.US) is expected to achieve a third quarter revenue of 4.57 billion RMB for the fiscal year 2024, with a 20% year-on-year growth; adjusted net profit of 0.71 billion RMB, a 10% year-on-year increase, corresponding to an adjusted net profit margin of 15.5%. The bank pointed out that in the forecast for the mainland business under miniso, the revenue for the third quarter is expected to be 2.47 billion RMB, with a 7% year-on-year growth, slightly lower than the previous low double-digit forecast, mainly due to lower than expected performance of existing stores in September, with an estimated opening of about 110 new stores during the period. As for the forecast for the overseas business under miniso for the third quarter,
Hong Kong stocks unusual movement | Miniso (09896) rose nearly 3%, Harry Potter collaboration launched in Jakarta, Indonesia, future plans to deepen local market.
Miniso (09896) rose nearly 3%, as of the time of publication, up 2.79%, at 36.8 Hong Kong dollars, with a turnover of 0.174 billion Hong Kong dollars.
European and American stocks and bonds both fell, tesla rose more than 9% after hours, silver fell by 4%, the dollar reached its highest level in nearly three months
European and American central bank officials called for caution in cutting interest rates, with US Treasury yields rising to pressure low-risk assets. The Dow and S&P indices fell by about 1% for the third consecutive day, NVIDIA initially dropped over 4%, cloud-based company Kujiale warned of profit slump nearly 3% in US stock, China concept index turned down, but Li Auto Inc. rose by nearly 4%. The 10-year US Treasury yield once rose above 4.26% to a three-month high, and the yen fell below 153 for the first time in three months. Oil prices fell by more than 1%, spot gold approached $2760 to hit a new high before falling by over 1%, and silver initially dropped by 4%.
US stock market outlook: Wall Street continues to bet on the 'Trump trade'! Phunware surges nearly 20% pre-market; tesla's performance will come later after the market.
Bank of America CEO: The Federal Reserve should be cautious in cutting interest rates, avoiding excessive force; McDonald's fell nearly 7%, serious E. coli infections occurred in McDonald's in many places in the usa.
Nomura Trims Price Target on MINISO Group Holding to $25.60 From $25.90, Keeps Buy Rating
Miniso May Report 3Q Revenue Growth on Overseas Strength -- Market Talk
Express News | Chinese concept stocks in pre-market trading mostly rose, li auto inc rose nearly 6%, miniso rose over 4%, and bilibili rose nearly 4%.
Nomura slightly lowers miniso (MNSO.US) target price to $25.6, expecting stable performance in the third quarter.
Nomura released a research report, predicting that the performance of miniso (MNSO.US) in the third quarter will be mixed, with solid growth overseas but weakening same-store sales domestically. The bank has lowered the company's US stock target price from $25.9 to $25.6 and maintains a "buy" rating. The bank expects that the performance of miniso in the third quarter should remain relatively stable, with quarterly Gross Merchandise Volume (GMV) and sales expected to increase by 21% and 20% respectively year-on-year, to 8.3 billion Chinese yuan and 4.5 billion yuan, respectively. The main pressure is expected to be continued weak domestic sales, with same-store sales forecasted to drop by 5% annually. As for the fourth quarter, Nomura believes miniso will see
Hong Kong stock anomaly | Miniso (09896) rose more than 4% in the morning session, Citigroup expects its third-quarter revenue to increase by 20% year-on-year.
Miniso (09896) rose more than 4% in the morning session, up 4.02% to 34.95 Hong Kong dollars as of the time of publication, with a turnover of 54.0607 million Hong Kong dollars.
U.S. stock market closing | The three major indexes fluctuated, Chinese concept stocks outperformed the large caps, pdd holdings rose nearly 3%.
S&P experienced two consecutive days of decline for the first time in over a month, with only the Nasdaq closing higher, Chinese concept stocks surged over 2% before closing nearly 1% higher, showing strong outperformance throughout the day.
China's assets across the board are booming! The Golden Dragon Index is surging strongly, pdd holdings once soared by more than 8%, how do foreign giants view this?
Regarding the future outlook for Chinese assets, the expectations of foreign giants are becoming increasingly bullish. Deutsche Bank stated in its latest research report that the current rebound in the Chinese stock market is not just a short-term short covering, but a trend change. Deutsche Bank analyst Peter Milliken believes that with the influx of global funds and the restoration of investor confidence, combined with relatively low valuations, the Hong Kong stock market is expected to see a strong bull market.
U.S. Stocks Alert | Citigroup expects the company's third-quarter revenue to increase by 20% year-on-year, miniso (MNSO.US) rose nearly 5%.
On Tuesday, miniso (MNSO.US) quickly rose, up 4.78% as of the deadline, to $17.55.
U.S. stock market anomaly | miniso rose 2.45% in pre-market trading, with Citi pointing to potential revenue growth in the third quarter.
October 22, Grccom | Miniso (MNSO.US) pre-market trading up 2.45%, at $17.16. Citigroup analyst wrote in a report that due to the strong growth in overseas markets, Miniso's third-quarter revenue may increase by 20% year-on-year. Due to overseas distributors' restocking demand, especially before the arrival of the fourth quarter holiday season, Citigroup expects a significant increase in Miniso's overseas store sales. (Grccom)
Express News | Citi: Miniso's third-quarter revenue is expected to grow.
Miniso Likely to Post Stronger 3Q Revenue -- Market Talk
MINISO Group Holding Limited Unsponsored ADR (MNSO) Increases Despite Market Slip: Here's What You Need to Know
MINISO Group Engages in Strategic Share Buybacks