Gelonghui, January 8 | China International Capital Corporation released a research report stating that MINISO announced the issuance of stock-linked securities with a principal amount of 0.55 billion USD and a maturity date in 2032. The bank believes this move allows MINISO to raise funds in a manner similar to Convertible Bonds, while delaying potential dilution to a higher actual exercise price of 102.1 Hong Kong dollars, which is at a 100% premium compared to the closing price on January 6. The bank raised the Target Price for the group's Hong Kong stocks by 19% to 56.87 Hong Kong dollars, maintaining an 'Outperform the Industry' rating. The report indicated that China International Capital Corporation believes MINISO's fundraising will have a positive impact on its overseas Business and Shareholder returns. Additionally, in the fourth quarter of 2024, MINISO will be launching Harry Potter IP products globally for the first time, and the bank remains Bullish on the revenue growth and profitability for that quarter.
研报掘金丨中金:上调名创优品目标价至56.87港元 是次筹资在海外业务及股东回报方面均有正面影响
Research Reports Gold Mining丨CICC: Upgrading MINISO's Target Price to HKD 56.87. This fundraising has a positive impact on both overseas Business and Shareholder returns.
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