Miniso's Operating Profit Margin Has Scope to Improve -- Market Talk

Dow Jones
03/16

0251 GMT - Miniso Group's operating profit margin has scope to improve in 2026, says Deutsche Bank's Sammi Xu in a note. The Chinese lifestyle retailer's preliminary 2025 results were better than feared, the analyst says, considering the stock's current depressed valuation of 11x based on the estimated 2026 price-to-earnings ratio. Its revenue and same-store sales growth continue to be stronger than industry peers despite the soft spending environment in China and the U.S., Xu adds. The analyst believes Miniso's narrower operating profit margin and weak adjusted net profit growth is well reflected in market expectations. DB maintains its buy rating and US$23.00 target price on Miniso's ADRs, which last closed 0.3% lower at US$16.71. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

March 15, 2026 22:51 ET (02:51 GMT)

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