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<Research>M Stanley Elevates POP MART (09992.HK) TP to $224 as Labubu Drives New Store Openings
Morgan Stanley issued a research report raising its 2025-2027 sales and adjusted net profit forecasts for POP MART (09992.HK) by 5-9%, and expecting YoY increases of 98%/ 1.14x eac...
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<Research>M Stanley Elevates POP MART (09992.HK) TP to $224 as Labubu Drives New Store Openings
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Morgan Stanley issued a research report raising its 2025-2027 sales and adjusted net profit forecasts for POP MART (09992.HK)  -1.100 (-0.559%)    Short selling $47.98M; Ratio 4.806%   by 5-9%, and expecting YoY increases of 98%/ 1.14x each for this year.

Due to strong global demand for Labubu v3, especially in the US, it will drive new store openings and be a key growth factor for 2025-2026, the broker noted.

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Therefore, Morgan Stanley elevated its target price from $204 to $224, with rating at Overweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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