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<Research>Citi Elevates POP MART (09992.HK) TP to $415, Reiterates Rating at Buy
Recommend 13 Positive 23 Negative 8 |
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POP MART (09992.HK)'s 3Q25 revenue growth beat forecast, with a YoY increase of 245-250%, Citi Research issued a research report saying. Of which, the Chinese market grew by 185-190% YoY, while the overseas market spiked by 365-370% YoY. The strong growth momentum was mainly attributed to the global hot-selling new products and inventory replenishment strategies. Based on a more optimistic sales outlook driven by IP strength, the broker raised its FY2025-2027 earnings forecasts by 16.8-17.3%, and elevated its target price from $398 to $415, equivalent to a projected 2026 PE ratio of 28x. Investors are advised to focus on sales trends as the brand's own channels continued to show rapid sell-out conditions. Therefore, Citi Research reiterated rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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