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<Research>Macquarie Raises POP MART's TP to HKD360, Rating Outperform
Macquarie has released a research report predicting that POP MART (09992.HK)'s 2025 overseas revenue will increase by 2.45 times YoY to RMB17.5 billion (accounting for 57% of t...
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<Research>Macquarie Raises POP MART's TP to HKD360, Rating Outperform
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Macquarie has released a research report predicting that POP MART (09992.HK)  +4.800 (+1.897%)    Short selling $206.13M; Ratio 9.058%   's 2025 overseas revenue will increase by 2.45 times YoY to RMB17.5 billion (accounting for 57% of total revenue) on strong market demand for IP products led by The Monsters.

According to market data, the secondary market price of the Labubu series is currently at a 2.6 times premium over the official release price. Macquarie also believes that Sanrio's (8136.JP) licensing and collaboration experience reflects POP MART's long-term potential to extend the IP cycle, strengthen its fan base, and monetize existing IP content further.

Related NewsBOCOMI Lifts POP MART (09992.HK) TP to $300, Keeps Rating at Buy
Macquarie raised its target price for POP MART from HKD223 to HKD360, with an Outperform rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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