GUANGZHOU, China, June 20, 2024 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEx: 9896) ("MINISO," "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that all the proposed resolutions submitted for shareholder approval set out in the notice of its annual general meeting were duly adopted at the meeting held in Hong Kong today.About MINISO GroupMINISO Group is a global value retailer offering a variety o ...

Investment Rating - The report maintains a "Buy" rating for the company, MINISO, with a target price of approximately $31 per ADR, representing a potential upside of 35% [5][10][19]. Core Insights - MINISO aims to become the world's leading IP design retail group, targeting a compound annual growth rate (CAGR) of no less than 20% in revenue from 2024 to 2028, with plans to open 900 to 1,100 new stores annually and double its global store count by 2028 [3][16][27]. - The company has seen significant growth in overseas markets, with 2023 overseas revenue increasing by 47% to 4.705 billion yuan, contributing 34% to total revenue [19][20]. - MINISO's strategy includes deepening its IP cooperation and leveraging global partnerships to enhance brand influence and sales performance [3][27][29]. Summary by Sections Global Expansion Strategy - MINISO has entered the "Overseas 2.0" phase, focusing on a dual strategy of cost leadership and differentiation, with an emphasis on interest-driven consumption [16][18]. - The company plans to enhance its presence in North America, Latin America, the Middle East, Southeast Asia, and Europe, optimizing product structures and improving operational management [17][19]. IP Strategy - MINISO is committed to becoming the world's top IP design retail group, with a goal of IP products accounting for over 50% of sales by 2028 [27][29]. - The company has successfully collaborated with over 80 global IPs, including Disney and Sanrio, to create popular product lines that significantly boost sales [29][30]. Financial Projections - Revenue projections for 2024-2026 are estimated at 17.721 billion yuan, 21.351 billion yuan, and 25.051 billion yuan, respectively, with adjusted net profits of 2.851 billion yuan, 3.405 billion yuan, and 4.001 billion yuan [5][10][19]. - The report anticipates a gross margin of approximately 41.4% for the years 2024-2026, supported by a growing share of high-margin overseas business [7][19]. Market Performance - The overseas market has become a significant growth driver for MINISO, with strong performance in Asia (excluding China), North America, and Latin America, contributing to 92% of overseas revenue [20][21]. - The company has identified substantial store opening potential in key markets, with significant gaps compared to competitors [22][23]. Supply Chain Efficiency - MINISO's supply chain is a core competitive advantage, with technology enhancements leading to a 15% improvement in overall supply chain efficiency [25][26]. - The company has implemented a digital system that has improved inventory turnover for overseas partners by over 60% [26].

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about MINISO Group Holding Limited Unsponsored ADR (MNSO) .MINISO Group Holding ...

Core Insights - MINISO Group Holding Limited Unsponsored ADR (MNSO) is a notable stock in the Retail-Wholesale sector, currently holding a Zacks Rank of 2 (Buy) indicating positive analyst sentiment [2][3] - MNSO has returned approximately 9.6% year-to-date, outperforming the average return of 9.1% for the Retail-Wholesale sector [2] - The Zacks Consensus Estimate for MNSO's full-year earnings has increased by 3.7% over the past quarter, reflecting an improving earnings outlook [2] Company Performance - MNSO belongs to the Retail - Apparel and Shoes industry, which has an average gain of 12.6% year-to-date, indicating that MNSO is slightly underperforming its specific industry [3] - In comparison, another stock in the Retail-Wholesale sector, Prosus N.V. Sponsored ADR (PROSY), has shown a significant year-to-date increase of 27.4% and holds a Zacks Rank of 1 (Strong Buy) [3] Industry Context - The Retail-Wholesale sector consists of 212 individual stocks and currently ranks 10 in the Zacks Sector Rank, which evaluates 16 different sector groups [1] - The Internet - Commerce industry, to which Prosus N.V. belongs, has performed better with a year-to-date increase of 15.2% [3]

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]