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In a report released on May 28, Jefferies also maintained a Buy rating on the stock with a HK$44.00 price target.

Based on MINISO Group Holding Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$4.97 billion and a net profit of HK$489.69 million. In comparison, last year the company earned a revenue of HK$4.04 billion and had a net profit of HK$587.63 million