Miniso's pre-market price rose by more than 1%, with UBS raising its target price to $27.

Miniso rose 1.15% in pre-market trading to $20.15. In terms of news, UBS released a research report indicating that based on Miniso's new strategy, it is expected that the trend of domestic same-store sales growth will turn around in the first quarter of 2025. The company's recent catalysts include the first quarter financial report of 2025 and the impact of the upcoming movie "Stitch" on IP sales next week. The target price was raised from $25.88 to $27, and the estimated adjusted net profit for 2025 to 2027 was raised by 1% to 2% to reflect the improvement in China's same-store sales growth trend. The rating was reiterated as "Buy".