CICC: Maintains "outperform" rating on Best Mart 360 (09896.HK), raising target price to HK$56.93.

According to the WiseFinance app, CICC released a research report stating that it continues to be bullish on MINISO's IP strategy and overseas operations efficiency improvement. The adjusted net profit forecast for 2025/26 is maintained at 2.9/3.7 billion yuan. The "outperform industry" rating is maintained. Considering the company's continued business optimization to boost market confidence, the Hong Kong/US stock target price is raised by 9% to 56.93 Hong Kong dollars/29.38 US dollars. The company's IP strategy and fine-tuned operations in the United States are worth looking forward to.