POP MART (09992.HK) +5.600 (+2.593%) Short selling $182.38M; Ratio 17.074% leads China's fast-growing IP merchandise market, JPMorgan released a research report saying. The broker was bullish on the Company's strong IP offering on Labubu as a rising “super IP”; global expansion ambitions and execution capabilities. JPMorgan expected its overseas sales to increase 152% YoY in 2025, with a CAGR of 42% from 2025 to 2027, accounting for 65% of sales in 2027.Related NewsM Stanley Latest Focus List for H Shrs, CN ADRs, A Shrs (Table)JPMorgan's 2025-2027 EPS forecasts are 9-15% higher than the market consensus. The broker initiated coverage on POP MART, with rating at Overweight and a target price of $250.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 12:25.)