5 Best-Performing Growth Stocks in November 2022

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1. MINISO Group Holding Limited (NYSE:MNSO)

Number of Hedge Fund Holders: 10

1-Month Share Price Gain as of November 30: 117.06%

MINISO Group Holding Limited (NYSE:MNSO) was founded in 2013 and is headquartered in Guangzhou, China. It is an investment holding company that engages in the retail and wholesale of lifestyle and pop toy products in Asia, the Americas, and Europe. MINISO Group Holding Limited (NYSE:MNSO) shares climbed more than 117% in the last month as of November 30, making it one of the best-performing growth stocks to monitor. 

On November 14, MINISO Group Holding Limited (NYSE:MNSO) reported a FQ1 Non-GAAP EPADS of $0.19 and a revenue of $389.7 million, outperforming Wall Street estimates by $0.07 and $18.75 million, respectively. Gross margin came in at 35.7%, compared to 27.4% in the same period of 2021 and 33.3% in the prior quarter.

According to Insider Monkey’s Q3 data, 10 hedge funds were long MINISO Group Holding Limited (NYSE:MNSO), compared to 11 funds in the last quarter. Fang Zheng’s Keywise Capital Management is the leading stakeholder of the company, with nearly 3 million shares worth $16 million. 

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You can also take a look at 11 Best Delivery Stocks To Buy and 11 Best Canadian Dividend Stocks To Buy

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