Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CCBI Continues to Name POP MART as Industry Top Pick w/ TP Lifted to HKD374
Recommend 6 Positive 18 Negative 10 |
||||
|
||||
|
POP MART (09992.HK)'s 1H25 adjusted net profit surged by 3.72 times YoY to RMB4.602 billion, mildly above the previously forecasted 3.5 times growth, while its revenue increased by 2.04 times YoY to RMB13.876 billion, largely in line with expectations, according to CCBI's research report. The broker attributed the strong earnings growth to enhanced scale efficiency and operational leverage. Meanwhile, the group's business was shored up by comprehensive growth across its core IPs, product categories, and regional markets, reflecting its progress towards its goal of becoming a global enterprise. CCBI lifted its target price for POP MART from HKD288 to HKD374 and kept the Outperform rating unchanged. It continued to name the company as its industry top pick, anticipating the upcoming mini Labubu dolls to be a stock price catalyst in the near term. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
