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<Research>HSBC Research Trims POP MART (09992.HK) TP to $319.5, Keeps Rating at Buy
HSBC Global Research issued a research report keeping rating at Buy for POP MART (09992.HK), and trimming its target price from $331.5 to $319.5. Meanwhile, the broker raised its 2...
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<Research>HSBC Research Trims POP MART (09992.HK) TP to $319.5, Keeps Rating at Buy
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HSBC Global Research issued a research report keeping rating at Buy for POP MART (09992.HK)  -2.800 (-1.138%)    Short selling $147.55M; Ratio 6.132%   , and trimming its target price from $331.5 to $319.5. Meanwhile, the broker raised its 2025-2027 net profit forecasts for the Company by 14-17%, and expected its 2025 non-IFRS net profit to be RMB9.173 billion.

POP MART's interim positive profit alert beat expectations, benefiting from economies of scale and rapid revenue growth in overseas markets, where profit margins are significantly higher than domestic market, the report added.

Related NewsJPM Continues to Favor POP MART (09992.HK) w/ Rating Overweight/ TP $340
In an interview with the People's Daily on 22 July, Founder Wang Ning anticipated that the monthly sales volume of Labubu toys would approach 10 million pieces around September.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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