POP MART (09992.HK) -1.375 (-0.894%) Short selling $393.03M; Ratio 16.823% unveiled its business update for 1Q26, forecasting overall revenue to grow 75-80% YoY, CICC said in its report. Revenue from China was projected to spike 100-105% YoY, while overseas revenue was estimated to climb about 40% YoY, slightly topping market expectations. The beat was mainly driven by strong new product launches and capacity expansion. The China market sustained high-quality growth, and North America delivered better-than-expected performance despite the off-season.Related News Citi Cuts HSI 2026 TP to 29,600; TENCENT (00700.HK), AIA (01299.HK) Among Top H Shrs PicksIn view of the company's ongoing adjustments to its operating pace, the broker lowered its 2026 and 2027 adjusted net profit forecasts by 14% and 13% to RMB13.3 billion and RMB15.5 billion, respectively. Based on the revised earnings forecasts, CICC chopped its TP by 12% to HKD218. The Outperform rating was maintained.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)
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