Chinese toymaker Pop Mart forecasts at least a 350% rise in first-half net profit and over 200% revenue growth, driven by the international popularity of its Labubu toy. The company’s overseas markets grew rapidly, with its core IPs expanding into games, films, and theme parks. Nomura raised its share-price target by 13% to HK$330, while Jefferies lifted its target by 55% to HK$315.20, citing strong earnings and diversification. Despite closing 4% lower at HK$252.80 on Wednesday, Pop Mart shares have nearly tripled this year.
Quote:
“Pop Mart’s IPs could be in the form of not just blind boxes but also games, films and other product categories.” – Jefferies
POP Mart Labubu
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