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POP MART Swells 3.6% to New High, as M Stanley Praises Platform Value
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POP MART (09992.HK) leaped 3.6% in early trading, reaching HKD287, setting a new high. The trading volume was 6.356 million shares, involving HKD1.824 billion.

Morgan Stanley recently released a report suggesting that Pop Mart's platform value may be underestimated. The company currently sells products in four regions, but its proprietary IP mainly originates from Greater China, with exceptions such as Crybaby from Thailand and Peach Riot from the U.S.. The broker believed Pop Mart has immense potential to scout the abundant artistic resources of the U.S., Europe, Japan, and Southeast Asia.

Related NewsM Stanley: POP MART (09992.HK) Platform Value May Be Undervalued w/ Potential to Tap into Rich New IP Artistic Resources in US/ Europe/ JP/ Southeast Asia
Separately, American pop star Lady Gaga was recently spotted carrying a customized Labubu doll matching her own style while being outdoor.
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