Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CICC Cuts POP MART (09992.HK) TP by 33% to $248, Lowers Earnings Forecasts
Recommend 13 Positive 25 Negative 31 |
||||
|
||||
|
POP MART (09992.HK)'s 2025 revenue was RMB37.12 billion, up 185% YoY, while adjusted net profit amounted to RMB13.08 billion, up 285% YoY, according to CICC's research report. The results were largely in line with the broker's expectations, with the Company proactively adjusting its operational pace in 4Q25 to lay the groundwork for sustainable long-term healthy growth. Considering the Company's increased focus on quality over growth in 2026 and the short-term uncertainties in the international environment, CICC lowered its 2026/ 2027 adjusted net profit forecasts for the Group by 13%/ 16% to RMB15.4 billion/ RMB17.7 billion. The broker kept rating at Outperform, but cut its target price by 33% to $248, corresponding to 19x/ 16x adjusted PE ratios for 2026/ 2027 respectively, based on earnings forecast adjustments and changes in risk appetite in the new consumption sector of the Hong Kong equity market. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
