While MINISO's (MNSO.US) (09896.HK) +0.800 (+2.339%) Short selling $42.09M; Ratio 22.325% sales grew by 18.9% in 1Q25 (compared to guidance of 15-18%), its adjusted earnings fell by 4.3% YoY, missing expectations by 10%, Morgan Stanley wrote in its report.In Morgan Stanley's estimates, MINISO's 2025 sales will rise by 21% YoY, with a CAGR of 18% in 2025-27, while its 2025 adjusted earnings will leap by 17% YoY, with a CAGR of 23% in 2025-27.Related NewsMNSO 1Q NP RMB416M, Down 28.5% YoYThe broker kept an Overweight rating on the group but chopped its target price for its H-shares from HKD43 to HKD41 and for its US shares from USD22 to USD21.Once the overseas market enters the peak season in 4Q25, Morgan Stanley anticipated that growth of DTC sales might accelerate along with improved profit margins.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-29 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)