Deutsche Bank: Disney's "Zootopia 2" could become a catalyst for Miniso's sales

Sammy Xu of Deutsche Bank stated in a report that Disney's "Zootopia 2" could become a catalyst for the sales of Miniso's IP business. The analyst believes that this movie could become the highest-grossing foreign animated film in China and one of the most popular IPs in the fourth quarter. As a major IP partner in China and the United States, lifestyle retailer Miniso is expected to significantly benefit from integrating "Zootopia 2" into its product line. Xu believes that important IP partnerships are crucial for Miniso to cope with weak consumer spending, especially in China. Deutsche Bank maintains a buy rating for Miniso's ADR and Hong Kong stocks, with a target price of $23.00 and HK$44.00 respectively. Its ADR closed up 0.35% at $19.86, while its Hong Kong stocks fell 3.1% to HK$37.60.