Daily Investment Strategy
Daily focus：MINISO（9896）
The company announced its unaudited financial results for the year ending December 31, 2024, showing significant progress in global expansion and profitability enhancement. Annual revenue increased by 22.8% year-on-year to RMB 16.994 billion, and gross profit surged by 34.0% year-on-year to RMB 7.637 billion, with a record-breaking gross profit margin of 44.9%. This marks eight consecutive quarters of growth, reflecting the success of the company's IP strategy and globalization strategy.
FedEx's Forecast Downgrade May Signal Broader Economic Troubles
Last Friday was the "quadruple witching" day in the U.S., causing some volatility in the indices, but the three major indices still managed to close higher. The S&P index ended a four-day losing streak, and the Nasdaq performed the best, rising by 0.52%. Although there were no significant economic data releases last Friday, FedEx's earnings report sent a signal of future economic difficulties in the U.S. FedEx's performance is seen as an important indicator of the health of the U.S. economy, and its forecast downgrade and ongoing operational challenges may signal broader economic troubles. Investors and policymakers will closely monitor its future performance and changes in the global economic environment.
On Friday, the Hong Kong Stock Connect recorded a net outflow of HKD 2.27 billion. China Mobile (941) recorded the largest net inflow of HKD 390 million, followed by Li Auto (2015). Tencent (0700) recorded the largest net outflow of HKD 1.24 billion, followed by Kuaishou-W (1024).
Cheung Cho Shing, Joseph is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to:https://apps.sfc.hk/publicregWeb/indi/ACQ030/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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