Chinese retailer MINISO's HK stock jumps on strong quarterly results

MINISO Holding

26/08/2022 03:24

** Hong Kong shares of MINISO Group Holding Ltd  9896.HK , a
China-based home decor and pop toy products retailer, jump as
much as 27.4% to HK$14.78, the biggest intraday pct gain since
debut on July 13 
    ** Stock tracks a 13.8% jump in the U.S.-listed shares
 MNSO.N 
    ** Hong Kong stock hits the highest since July 21 and is the
fourth-biggest pct gainer on the Hong Kong bourse
    ** MINISO reports profit of 208.5 mln yuan ($30.45 mln) for
Q4 ended June 30, up 87.5% from a year earlier, boosted by
strong growth in its international business with gross margin
expanding to 33.3% from 25.8% last year  urn:newsml:reuters.com:*:nTUA5mJMpb
    ** The Hang Seng Commerce & Industry Index  .HSNC  surges
1.2% and Hang Seng consumer goods and services index  .HSCGSI 
rises 1.1%
    ** The Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  gain 0.9% each


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