The Zhitong Finance App learned that Mingchuang Premium (09896) rose by more than 5%. As of press release, it had risen 5.25% to HK$46.1, with a turnover of HK$77.1665 million.

According to the news, Goldman Sachs said that Mingchuang Premium will announce its first quarter results around mid-May, and it is expected that its sales momentum will continue to be steady. The bank expects the company's total sales to be RMB 3.66 billion, an increase of 24% over the previous year. With a “Buy” rating, the target price was raised from HK$60 to HK$61.

UBS pointed out that it is expected that Mingchuang Premium's profit for the first quarter will generally meet market expectations. Mingchuang Premium's revenue is expected to increase 25% year-on-year in the first quarter, with local offline and overseas revenue increasing 15% and 46% respectively. Adjusted net profit for the first quarter was RMB 605 million, up 25% year over year, which is roughly in line with expectations.