Miniso rises on business expansion plans

MINISO Holding

28/03/2023 16:46

** U.S.-listed shares of Miniso Group Holding Ltd  MNSO.N 
rise as much as 4.7% to $17.49
    ** Stock last up 1.2% at $16.91
    ** China-based home decor and pop toy products retailer
announces plans to expand operations into three new markets,
namely Angola, Trinidad and Tobago and Latvia
    ** In Latvia, the first store will open in early summer of
2023 while in Panama it is expected to open in June
    ** More new stores are anticipated in mid-2023 in Trinidad
and Tobago; during 2023's Christmas season, stores will open in
Angola
    ** Nine brokerages rate stock "buy"; their median PT is
$21.25 - Refinitiv
    ** Stock more than doubles in the past 12 months

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))