Mingchuang Premium (09896) rose by nearly 5%. As of press release, it rose 4.31% to HK$44.75, with a turnover of HK$105 million.
The Zhitong Finance App learned that Mingchuang Premium (09896) rose by nearly 5%. As of press release, it had risen 4.31% to HK$44.75, with a turnover of HK$105 million.
Goldman Sachs released a research report saying that Mingchuang Premium will announce its first quarter results around mid-May. Total sales are expected to be RMB 3.66 billion, up 24% year over year. Taking into account the costs associated with the expansion of overseas direct stores, gross margin is expected to drop slightly by 0.5 percentage points to 42.6% from quarter to quarter, while operating expenses will increase by 0.2 percentage points to 23.9% quarterly. Therefore, adjusted net profit for the first quarter is expected to be RMB 582 million. Goldman Sachs expects the company's sales momentum to continue to be steady, giving the stock a “buy” rating and raising the target price from HK$60 to HK$61.
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; the IP joint name strategy has been tested and unsatisfactory, 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.