China's Miniso hits near 10-week peak on strong quarterly revenue

MINISO Holding

21/11/2023 05:41

** Shares of Miniso Group Holding  9896.HK  surge 8.7% to
HK$56.90, their highest since Sept 15
    ** Stock on track for the biggest one-day pct rise since
July 25, if gains hold
    ** Guangdong-based home decor and pop toy products retailer
says its revenue for quarter ended Sept up 36.7% YoY to 3.79 bln
yuan ($525.58 mln) 
    ** Says it expects to add another 100-200 new stores on a
net basis in China in the rest of 2023
    ** Hang Seng Consumption Index  .HSCGSI  gains 0.9%, Hang
Seng Index  .HSI  up 1%
    ** Stock up 167% YTD 


($1 = 7.2111 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))