Citi released a research report stating that it gave Mingchuang Premium (09896) a “buy” rating, and the target price was HK$52.5. The management of Mingchuang Premium expressed a strong outlook on overseas sales revenue for the fourth quarter of 2024. According to the report, the company's management expects that with high sales growth and profit expansion in overseas markets, the year-on-year growth in sales and net profit growth in 2025 will accelerate. Management expects the Group's revenue to increase 25-30% year over year in the fourth quarter of 2024, including the forecast that overseas sales will increase 45-50% year over year; Miniso's sales in China are expected to increase by a low single digit percentage year over year and 76 new stores will be added in the fourth quarter; Top Toy sales are expected to increase 50-55% year over year, and 14 new stores will be added in the fourth quarter.