Dahua Jixian covers famous and excellent products for the first timepulszbingo, given a "buy" rating, with target prices for H-shares and American Depositary Receipts (ADR) of 61 respectivelypulszbingo.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 distinguishes itself from other local retailers and establishes 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.