[BofA Securities: Lowers the target price of Miniso to HK$24.2 Maintain "Neutral" rating] On August 31, Bank of America Securities issued a research report saying that due to the slower than expected recovery of overseas business, it will lower its non-IFRS earnings per share forecast for 2026 and 2027 by 20% and 16% respectively. The target price of Miniso will be lowered from HK$34.2 to HK$24.2. It maintains a "neutral" rating and the target price of U.S. stocks (MNSO.US) will be lowered from US$17.5 to US$12.4. The bank believes that Minso's stock price has adjusted by 40% since the beginning of the year. The current valuation is not expensive and the shareholder return rate is expected to be about 6%. However, short-term profit risks still exist.