Hong Kong Stock Market News | MNSO surges nearly 8% in early trading, institutions predict company's future revenue to exceed HKD 20 billion in the next three years.

MNSO rose nearly 6% in early trading, and as of the time of writing, it has risen 4.85% to HKD 41.05, with a turnover of HKD 21.5534 million. On the news front, China Galaxy Securities released a research report stating that it has initiated a "recommended" rating for MNSO. Based on its expectations for store expansion and single-store operations, it predicts that MNSO will achieve revenues of RMB 14.763 billion, RMB 18.121 billion, and RMB 21.691 billion in FY 2024, 2025, and 2026, respectively, with net profits of RMB 2.452 billion, RMB 3.02 billion, and RMB 3.614 billion. Guosen Securities stated that as a leading global discount retailer, MNSO has achieved rapid performance growth based on its excellent product strength and efficient supply chain in the current trend of cost-effective consumption. In the future, with the company's continued promotion of brand upgrades and superstore strategies, the improvement of single-store efficiency and store expansion are expected to jointly drive performance growth.