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MNSO Opens Down ~15%; Overseas Direct Sales Weigh Down 1Q25 Profit Margin
Recommend 5 Positive 7 Negative 6 |
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MINISO (MNSO.US) earned 28.5% less in 1Q25, sinking its US stock price by 17.6% to USD18.29 at close last Friday (23rd). Its Hong Kong stock MNSO (09896.HK) opened 14.79% lower at HKD36 this morning (26th), on a pre-market volume of 1.6504 million shares, involving HKD59.4147 million. According to BofA Securities, while MNSO's direct-to-consumer (DTC) business drove up overseas revenue growth, it also dragged down the company's profit margins, resulting in lower-than-expected net profit. The broker reiterated the Underperform rating and cut its target price by 4% to HKD32.2. Goldman Sachs also trimmed its target price for MNSO to HKD46, citing that the company's profit margin was still weighed down by its DTC business, though the Buy rating was kept unchanged. AAStocks Financial News |
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