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bingogrid| Dahua Jixian: The first "buy" rating awarded to Mingchuang Products benefits from the asset-light model and effective supply chain

editor 2024-05-27 37 0

Dahua Jixian covers famous premium products for the first time and gives them a "buy" rating. The target prices of H-shares and American Depositary Receipts (ADR) are 61bingogrid.6 Hong Kong dollars and US$31.2. The bank believes that the company's diverse products, immersive shopping environment and close interaction with customers make it different from traditional retailers. The bank likes the company's rapid business expansion momentum, especially in overseas markets, benefiting from the asset-light model and effective supply chain.

The bank is confident of its goal of tripling the company's overseas revenue between 2024 and 2028. Its digitally integrated supply chain in China will help quickly bring high-quality products to global customers with price advantages. The company defines itself as a gift shop, which is also different from itsbingogridHe is a local retailer and builds a good brand image. The company follows a localized development strategy to satisfy local consumers and provide convenience in daily life, making its products more attractive. The bank believes that Mingchuang Products has room to add more than 10,000 stores in first-tier, second-tier and lower-tier cities in the mainland.

bingogrid| Dahua Jixian: The first "buy" rating awarded to Mingchuang Products benefits from the asset-light model and effective supply chain