Bank of China International released a research report saying that after the results were announced and the stock price was drastically adjusted on August 31, it believes that the valuation of Mingchuang Premium has begun to be worth paying attention to again, and may consider looking for an appropriate time to re-examine it later. The bank is still optimistic about the company's potential to become a leading global retailer for a long time, maintaining the “buy” ratings for H shares and Mingchuang Premium US stocks. The target price for H shares dropped by 40.1% to HK$20.6 from HK$34.4, and the target price for US stocks dropped by 40.3% to $10.5 from US$17.6. The bank also lowered its adjusted earnings estimates by 18%, 20% and 14% for each year from 2026 to 28, respectively.

Zhitongcaijing · 3d ago
Bank of China International released a research report saying that after the results were announced and the stock price was drastically adjusted on August 31, it believes that the valuation of Mingchuang Premium has begun to be worth paying attention to again, and may consider looking for an appropriate time to re-examine it later. The bank is still optimistic about the company's potential to become a leading global retailer for a long time, maintaining the “buy” ratings for H shares and Mingchuang Premium US stocks. The target price for H shares dropped by 40.1% to HK$20.6 from HK$34.4, and the target price for US stocks dropped by 40.3% to $10.5 from US$17.6. The bank also lowered its adjusted earnings estimates by 18%, 20% and 14% for each year from 2026 to 28, respectively.