MINISO Unveils Flagship Store in Madrid, Debuts "IP Theme Park-Style" Shopping Experience
U.S. stock fluctuations | MINISO once rose nearly 4% with the opening of its largest store in Spain recently.
On December 24, Gelonghui reported that MINISO (MNSO.US) initially rose nearly 4%, reaching a high of $25.08. In news, MINISO announced that its largest store in Spain opened on December 20 in Madrid, marking the first MINISO LAND store in Europe. This store spans 1,100 square meters and has two floors, offering a "theme park style" and about 6,000 products. (Gelonghui)
Sector Update: Consumer
MINISO Group Opens Largest Store in Spain
European Debut: MINISO Unveils Its Innovative 'MINISO LAND' - A Pioneering IP-scenerio Retail Concept
US stocks fluctuate丨MINISO pre-market up over 3%, Institutions indicate its profitability has significantly improved.
On December 24, the Glonghui reported that MINISO (MNSO.US) rose 3.56% pre-market, reaching $25. Guosheng Securities stated that as a leader in the Global daily essentials retail sector, the company is rapidly expanding globally with its light asset model, leveraging advantages in channels and supply chains. Additionally, it has incubated the trendy toy brand TOPTOY, which is expected to contribute to its second growth curve. Currently, various business formats, products, and supply chains are continuously optimizing, with significant high growth in overseas Business and noticeable improvement in profitability, as performance continues to exceed expectations. (Glonghui)
[Hong Kong Stock Connect] MINISO (09896) rose 4.2% as Institutions indicated significant growth in overseas Business, with a noticeable improvement in profitability.
Jingwu Financial News | MINISO (09896) stock price rises, as of the time of writing, up 4.2%, reported at 48.35 Hong Kong dollars, with a transaction volume of 0.128 billion Hong Kong dollars. On the news front, on December 9, MINISO revealed that as of now, it has partnered with over 150 well-known IPs Global, driving sales of more than 0.8 billion IP products. In terms of the reserve of second-dimensional IP, it is expected to launch self-developed Guzi-related peripheral products monthly next year, creating differentiated creative products through commissioning, secondary creation, and other methods, while collaborating with Bandai to launch more official Japanese Guzi peripherals. Currently, the company has built a platform in Shanghai consisting of
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Changes in US stocks | Mingchuang Premium rose nearly 3% and launched a joint product with the mobile game “Love and Deep Space” under Paper Folding
On December 23, according to Gelonghui, MINISO (MNSO.US) rose nearly 3%, reaching a peak of $24.02. Recently, the mobile game "Love in Deep Space" under Diezhi announced a collaboration with MINISO to launch a series of plush toys, and will hold pop-up events in five cities: Shanghai, Peking, Guangzhou, Shenzhen, and Wuhan. (Gelonghui)
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U.S. stock market close | The Federal Reserve takes a hawkish stance, three major Indexes drop together, with the Nasdaq down over 3%; Tesla falls over 8%, leading the decline among Technology giants, while Quantum Computing concept stock, Quantum, soars
The Dow Jones experienced ten consecutive declines, marking the longest streak of losses since 1974. The S&P fell nearly 3%, and the Nasdaq dropped over 3%. Tesla led the tech giants down with a decline of over 8%. The chip index fell nearly 4%, with Broadcom dropping nearly 7%, and NVIDIA initially rose nearly 5% during the day before turning negative. Micron Technology, which provided disappointing guidance for this fiscal quarter, fell over 10% in after-hours trading.
Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
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U.S. stock market closing | The three major indexes had mixed results, with the Nasdaq increasing over 1% to reach a new high, while the Dow Jones fell for the eighth consecutive day; Broadcom surged over 11%, and Tesla rose over 6%, both reaching histori
The Dow Jones Industrial Average has recorded its longest losing streak since 2018; NVIDIA fell over 1%, marking its third consecutive decline; MicroStrategy, which was added to the Nasdaq 100 index, surged over 7% intraday before reversing to a loss, and Super Micro Computer, which was removed from the index, closed down over 8%. Chinese concept stocks fell over 2%.
MINISO (9896.HK): A dual-market catcher; Going overseas opens up growth space; Initiate Buy.
Capture high growth in dual markets. The company primarily targets the private-label home goods market and the trendy toy market. Among them, private-label comprehensive retail contributed the largest revenue through the MINISO brand. The competitive landscape of this market is fragmented, with a Global market scale.
[Brokerage Focus] Huachuang Securities has upgraded MINISO (09896) to a 'Strong Buy' rating, indicating that its overseas store openings are performing well.
Jinwu Financial News | Huachuang Securities Research indicates that MINISO (09896) reported a year-on-year revenue growth of 19.3% in Q3 2024, reaching 4.52 billion yuan, with an adjusted net income (Non-IFRS) of 0.69 billion yuan, an increase of 6.9% year-on-year, both meeting expectations. The firm states that domestic revenue in Q3 2024 was 2.71 billion yuan, a year-on-year increase of 8.7%, with MINISO brand revenue growing by 5.7% year-on-year to 2.44 billion yuan, and TOPTOY brand revenue increasing by 50.4% year-on-year to 0.27 billion yuan. From Q1 to Q3 2024, there was a net increase of 324 stores, bringing the total to 4,250, with the store opening speed meeting expectations.
Express News | BOCOM INTL has given MINISO Group Holding Limited an initial rating of Buy, with a Target Price of 60 HKD.
[Brokerage Focus] Guosheng Securities maintains a "Buy" rating on MINISO (09896), indicating that its profitability has clearly improved and its performance continues to exceed expectations.
Jingwu Financial News | Guosheng Securities research report indicates that MINISO (09896) achieved revenue of 12.281 billion yuan in Q1-Q3 2024, a year-on-year increase of 22.8%. The adjusted Net income reached 1.928 billion yuan, with a year-on-year increase of 13.7%. Excluding foreign exchange gains and losses, the adjusted Net income increased by 18.3% year-on-year. In Q3 2024, the revenue was 4.523 billion yuan, up 19.3% year-on-year, and the adjusted Net income was 0.686 billion yuan, a 6.9% year-on-year increase. The report states that as a Global leader in daily necessities retail, the company is rapidly expanding worldwide with a light asset model, leveraging advantages in channels and supply chains, and has also incubated trendy toys.
Hong Kong stock movement | MINISO (09896) rose more than 5% in the morning. The company will launch self-developed millet-related products next year, and the Yonghui Trade is expected to be implemented in the first half of next year.
MINISO (09896) rose over 5% in early trading, as of the time of writing, up 5.24%, at 49.25 Hong Kong dollars, with a transaction amount of 0.113 billion Hong Kong dollars.