Mingchuang Premium (09896) rose more than 6%. As of press release, it rose 6.38% to HK$43.35, with a turnover of HK$483.352 million.
The Zhitong Finance App learned that Mingchuang Premium (09896) rose by more than 6%. As of press release, it had risen 6.38% to HK$43.35, with a turnover of HK$483.352 million.
Open Source Securities recently pointed out that the company's Chiikawa co-brand is popular. The revenue side is optimistic about the acceleration of global store opening (net annual increase of 900-1100 companies) & channel restructuring; the profit side is optimistic that the product portfolio & business structure optimization will drive profitability improvement, and the revenue/profit growth rate is expected to be 20%-30% in 2024.
Zheshang Securities, on the other hand, said that Mingchuang Premium has established cooperative relationships with more than 80 IPs around the world, leading its peers in IP asset reserves. Furthermore, the IP co-branding strategy has been tried and tested, and past sales performance has exceeded expectations. The bank believes that this major IP launch will significantly drive sales growth, and second-quarter results are expected to exceed expectations.