2024-02-20 08:41:08 ET
Summary
- Miniso operates in the steadily growing branded variety retail market, which shows resiliency against e-commerce and economic downturns.
- Miniso has built its moat through strategic product offerings, efficient supply chain, and innovative retailer partner model.
- The valuation of Miniso looks cheap now, considering its strong growth momentum and superior profitability.
- Geopolitical tensions between the US and China, intensified competition in China, and potential difficulties in finding good partners are the key risks.
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Miniso: Undervalued With Strong Momentum For Growth