On June 13, Jin10 data reported that Citigroup published a research report indicating that Pop Mart (09992.HK) has seen a continuous rise in the global recognition of its iconic IP and has successfully launched new products. The bank believes that Pop Mart's diversified IP strategy should lay a foundation for its long-term sustainable growth. The launch of new products may also become a short-term catalyst, and the bank has raised the group's earnings forecast for 2025 to 2027 by 38 to 49%. It is expected that the group's net profit will grow by 124% and 40% year-on-year in the next two years, reiterating the group's buy rating and significantly raising the target price from 162 HKD to 308 HKD.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Citi raises the target price of Pop Mart to HKD 308, with IP awareness continuously increasing.
On June 13, Jin10 data reported that Citigroup published a research report indicating that Pop Mart (09992.HK) has seen a continuous rise in the global recognition of its iconic IP and has successfully launched new products. The bank believes that Pop Mart's diversified IP strategy should lay a foundation for its long-term sustainable growth. The launch of new products may also become a short-term catalyst, and the bank has raised the group's earnings forecast for 2025 to 2027 by 38 to 49%. It is expected that the group's net profit will grow by 124% and 40% year-on-year in the next two years, reiterating the group's buy rating and significantly raising the target price from 162 HKD to 308 HKD.