Deutsche Bank's Sammy Xu said in a report that Disney's “Zootopia 2” may become a catalyst for sales in the Mingchuang Premium IP business. The analyst said the film could become the highest-grossing foreign animated film in China and one of the most popular IPs in the fourth quarter. As a major IP partner in China and the US, lifestyle retailer Mingchuang Premium will greatly benefit from “Zootopia 2” being easily integrated into its product line. Xu believes that important IP partnerships are critical for Mingchuang Premium to cope with weak consumer spending, particularly in China. Deutsche Bank maintained the purchase ratings for Mingchuang Premium ADR and Hong Kong stocks, with target prices of $23.00 and HK$44.00, respectively. Its ADR recently closed up 0.35% to $19.86; Hong Kong stocks fell 3.1% to HK$37.60.

Deutsche Bank's Sammy Xu said in a report that Disney's “Zootopia 2” may become a catalyst for sales in the Mingchuang Premium IP business. The analyst said the film could become the highest-grossing foreign animated film in China and one of the most popular IPs in the fourth quarter. As a major IP partner in China and the US, lifestyle retailer Mingchuang Premium will greatly benefit from “Zootopia 2” being easily integrated into its product line. Xu believes that important IP partnerships are critical for Mingchuang Premium to cope with weak consumer spending, particularly in China. Deutsche Bank maintained the purchase ratings for Mingchuang Premium ADR and Hong Kong stocks, with target prices of $23.00 and HK$44.00, respectively. Its ADR recently closed up 0.35% to $19.86; Hong Kong stocks fell 3.1% to HK$37.60.