vested
<Research> BofAS Reiterates Pop Mart (09992.HK) Neutral, Sees Market Sentiment Stabilizing
BofAS issued a research report stating that Pop Mart (09992.HK) has experienced recent share price volatility, but market sentiment has stabilized.
The improvement is supported by capital inflows, a shift in risk appetite toward new consumption themes, positive sentiment triggered by activities of influential investors, resilient sales trends in the domestic market and the company's share buybacks.
However, investors remain concerned about two major risks:
1. limited visibility in overseas markets (particularly as growth momentum in the US and European markets weakened in 4Q last year) and
2. margin pressure arising from slowing overseas growth as well as rising raw material and freight costs.
The broker noted that the group will release its 1Q26 operational update in mid-May.
Revenue for the period is expected to grow by approximately 80% YoY, compared with market expectations of 50% to 100%.
The key variance lies in performance in overseas markets, especially the US and the European Union, while the mainland China market is expected to remain resilient.
It reiterated a Neutral rating with a TP of HKD170, implying a forecast 2026 PE of approximately 13x.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Pop Mart 9992
Re: Pop Mart 9992
by winston » Fri Apr 17, 2026 10:42 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Pop Mart 9992
by winston » Sat Apr 25, 2026 8:23 am
China’s Pop Mart eyes expansion at home and abroad for its Pop Land theme park
Pop Mart’s Pop Land theme park in Beijing
by Zhu Wenqian
Chinese toymaker Pop Mart said it plans to develop more of its Pop Land theme parks on the mainland and overseas, and is in talks with several cities to expand beyond its sole existing venue in Beijing.
Jeffrey Hu, head of Pop Land and vice-president of Pop Mart, said on Friday that the company had established solid park operations capabilities and planned to replicate this model whenever suitable opportunities emerged.
“We also plan to develop an integrated resort blending theme park facilities, commercial spaces and hotels when the time is right,” Hu said.
Source: SCMP
https://www.scmp.com/business/china-bus ... pe=section
Pop Mart’s Pop Land theme park in Beijing
by Zhu Wenqian
Chinese toymaker Pop Mart said it plans to develop more of its Pop Land theme parks on the mainland and overseas, and is in talks with several cities to expand beyond its sole existing venue in Beijing.
Jeffrey Hu, head of Pop Land and vice-president of Pop Mart, said on Friday that the company had established solid park operations capabilities and planned to replicate this model whenever suitable opportunities emerged.
“We also plan to develop an integrated resort blending theme park facilities, commercial spaces and hotels when the time is right,” Hu said.
Source: SCMP
https://www.scmp.com/business/china-bus ... pe=section
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Re: Pop Mart 9992
by winston » Thu Apr 30, 2026 11:07 am
not vested
POP MART Mar US Sales Tumble 45% YoY: Wire
POP MART (09992.HK) saw a sharp slowdown in sales in the US in March, a signal that highlighted the challenges facing the company in the region, Bloomberg reported.
According to Bloomberg Second Measure, which tracks credit and debit card transactions, POP MART's sales in the US fell by 45% YoY in March, compared with the growth of 41% in February and 130% in January.
This figure, however, doesn't cover cash, gift cards, and many third-party retail transactions, meaning that it doesn't represent total sales.
That said, the sales data indicate weakening consumer interest, Melinda Hu, consumer analyst at Sanford C. Bernstein, stressed. If this trend continues, it may weigh on POP MART's overall growth.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
POP MART Mar US Sales Tumble 45% YoY: Wire
POP MART (09992.HK) saw a sharp slowdown in sales in the US in March, a signal that highlighted the challenges facing the company in the region, Bloomberg reported.
According to Bloomberg Second Measure, which tracks credit and debit card transactions, POP MART's sales in the US fell by 45% YoY in March, compared with the growth of 41% in February and 130% in January.
This figure, however, doesn't cover cash, gift cards, and many third-party retail transactions, meaning that it doesn't represent total sales.
That said, the sales data indicate weakening consumer interest, Melinda Hu, consumer analyst at Sanford C. Bernstein, stressed. If this trend continues, it may weigh on POP MART's overall growth.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Re: Pop Mart 9992
by behappyalways » Fri May 08, 2026 4:31 pm
Labubu breaks free from blind boxes!
Pop Mart is building an Oriental Disneyland with "This Park".
Labubu走出盲盒! 泡泡瑪特靠「這座樂園」打造東方迪士尼｜FOCUS午間新聞 20260507 @tvbsfocus
https://m.youtube.com/watch?v=olYgyzkiU30
Pop Mart is building an Oriental Disneyland with "This Park".
Labubu走出盲盒! 泡泡瑪特靠「這座樂園」打造東方迪士尼｜FOCUS午間新聞 20260507 @tvbsfocus
https://m.youtube.com/watch?v=olYgyzkiU30
血要热 头脑要冷 骨头要硬
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Re: Pop Mart 9992
by winston » Mon May 11, 2026 11:05 am
vested
<Research> Deutsche Bank Cuts POP MART (09992.HK) TP to HKD140, Expects 1Q26 Overseas Sales to Drop 27% QoQ
Deutsche Bank issued a report stating that it expects POP MART (09992.HK) to continue facing weak performance in overseas markets in 1Q26, with overseas sales declining 27% QoQ.
The bank assigned a Sell rating and lowered its TP from HKD157 to HKD140.
The report noted that POP MART is scheduled to announce its 1Q26 operating data in mid-May and will hold its first management quarterly conference call to discuss recent trends and guidance.
Investors hold mixed views on the move. Most see it as a positive step to enhance transparency and investor communication, while some believe that the conference call and the delayed data release may signal potential downside risks that require clarification from management.
Based on Deutsche Bank's forecasts for 1Q26, China market sales are projected to grow 85% YoY, while overseas markets are expected to increase 60% YoY.
Total revenue is estimated to reach RMB8.9 billion, up 73% YoY.
Regarding overseas sales, the bank said the market is still debating whether POP MART's overseas demand has stabilized after the launch of several major IP products.
Deutsche Bank adopts a more cautious stance than the market, forecasting overseas sales to decline 27% QoQ, including a 41% drop in Europe and a 36% fall in N America, while Asia is expected to show relative resilience with an 18% QoQ decline.
Nevertheless, the bank still expects the overseas segment to grow 60% YoY, mainly due to a very low base in 1Q25.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research> Deutsche Bank Cuts POP MART (09992.HK) TP to HKD140, Expects 1Q26 Overseas Sales to Drop 27% QoQ
Deutsche Bank issued a report stating that it expects POP MART (09992.HK) to continue facing weak performance in overseas markets in 1Q26, with overseas sales declining 27% QoQ.
The bank assigned a Sell rating and lowered its TP from HKD157 to HKD140.
The report noted that POP MART is scheduled to announce its 1Q26 operating data in mid-May and will hold its first management quarterly conference call to discuss recent trends and guidance.
Investors hold mixed views on the move. Most see it as a positive step to enhance transparency and investor communication, while some believe that the conference call and the delayed data release may signal potential downside risks that require clarification from management.
Based on Deutsche Bank's forecasts for 1Q26, China market sales are projected to grow 85% YoY, while overseas markets are expected to increase 60% YoY.
Total revenue is estimated to reach RMB8.9 billion, up 73% YoY.
Regarding overseas sales, the bank said the market is still debating whether POP MART's overseas demand has stabilized after the launch of several major IP products.
Deutsche Bank adopts a more cautious stance than the market, forecasting overseas sales to decline 27% QoQ, including a 41% drop in Europe and a 36% fall in N America, while Asia is expected to show relative resilience with an 18% QoQ decline.
Nevertheless, the bank still expects the overseas segment to grow 60% YoY, mainly due to a very low base in 1Q25.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Re: Pop Mart 9992
by winston » Tue May 12, 2026 10:30 am
vested
POP MART (09992.HK) Slumps Nearly 3% as Overseas Craze Cools; Multiple Brokers Cut TP and Earnings Forecasts
POP MART (09992.HK) will hold a 1Q operating update conference call tomorrow (13th).
The market is focused on slowing overseas demand, as multiple brokers have lowered their TP and earnings forecasts.
UBS said in a report that it expects POP MART's 1Q revenue to grow 60% to 65% YoY, above the market consensus range of RMB6 billion to RMB10 billion.
Mainland China operations remained resilient, with revenue rising 10% QoQ and 80% to 85% YoY.
However, overseas business declined 40% to 50% QoQ, though still up 30% to 35% YoY, mainly due to the cooling initial hype surrounding Labubu and seasonal weakness in Western markets.
Dragged by slowing overseas momentum, UBS sharply cut its FY26 revenue growth forecast from managements guidance of above 20% to 15%.
The broker also lowered its 2026 to 2028 adjusted net profit forecasts by 7% to 9%, reducing its TP from HKD278 to HKD237.5.
Morgan Stanley likewise noted that the popularity of Labubu is gradually cooling, and POP MART's overseas sales are facing adjustment pressure.
It slashed its 2026 to 2028 overseas sales forecasts by 18% to 19%, leading to a corresponding 9% to 10% reduction in overall revenue estimates, and trimmed its TP by 11% to HKD247.
Deutsche Bank took a more cautious stance, projecting a 27% QoQ decline in 1Q overseas sales and estimating total 1Q revenue at RMB8.9 billion, up 73% YoY.
It assigned a "Sell" rating and lowered its TP from HKD157 to HKD140.
Source: AAstocks.com
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
POP MART (09992.HK) Slumps Nearly 3% as Overseas Craze Cools; Multiple Brokers Cut TP and Earnings Forecasts
POP MART (09992.HK) will hold a 1Q operating update conference call tomorrow (13th).
The market is focused on slowing overseas demand, as multiple brokers have lowered their TP and earnings forecasts.
UBS said in a report that it expects POP MART's 1Q revenue to grow 60% to 65% YoY, above the market consensus range of RMB6 billion to RMB10 billion.
Mainland China operations remained resilient, with revenue rising 10% QoQ and 80% to 85% YoY.
However, overseas business declined 40% to 50% QoQ, though still up 30% to 35% YoY, mainly due to the cooling initial hype surrounding Labubu and seasonal weakness in Western markets.
Dragged by slowing overseas momentum, UBS sharply cut its FY26 revenue growth forecast from managements guidance of above 20% to 15%.
The broker also lowered its 2026 to 2028 adjusted net profit forecasts by 7% to 9%, reducing its TP from HKD278 to HKD237.5.
Morgan Stanley likewise noted that the popularity of Labubu is gradually cooling, and POP MART's overseas sales are facing adjustment pressure.
It slashed its 2026 to 2028 overseas sales forecasts by 18% to 19%, leading to a corresponding 9% to 10% reduction in overall revenue estimates, and trimmed its TP by 11% to HKD247.
Deutsche Bank took a more cautious stance, projecting a 27% QoQ decline in 1Q overseas sales and estimating total 1Q revenue at RMB8.9 billion, up 73% YoY.
It assigned a "Sell" rating and lowered its TP from HKD157 to HKD140.
Source: AAstocks.com
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Re: Pop Mart 9992
by winston » Tue May 12, 2026 1:17 pm
vested
POP MART Reportedly Launches First POP BAKERY Store in Aranya, Qinhuangdao
POP MART (09992.HK) is set to launch the first directly operated store of its dessert brand POP BAKERY in Aranya, Qinhuangdao, where tea beverages will be introduced for the first time, Sina Tech reported, citing sources.
Down the road, POP MART may further roll out self-operated tea and coffee products.
Customer service at Aranya, Qinhuangdao stated that construction hoardings have already been set up for the POP MART Aranya store, and that renovation has been ongoing, but the official opening date has yet to be announced.
Related News: Deutsche Bank Cuts POP MART (09992.HK) TP to HKD140, Expects 1Q26 Overseas Sales to Drop 27% QoQ
Although POP MART has not responded to the report, recruitment platform information shows that the company has started hiring a store manager for the first POP BAKERY outlet, offering a monthly salary of RMB10,000-15,000.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
POP MART Reportedly Launches First POP BAKERY Store in Aranya, Qinhuangdao
POP MART (09992.HK) is set to launch the first directly operated store of its dessert brand POP BAKERY in Aranya, Qinhuangdao, where tea beverages will be introduced for the first time, Sina Tech reported, citing sources.
Down the road, POP MART may further roll out self-operated tea and coffee products.
Customer service at Aranya, Qinhuangdao stated that construction hoardings have already been set up for the POP MART Aranya store, and that renovation has been ongoing, but the official opening date has yet to be announced.
Related News: Deutsche Bank Cuts POP MART (09992.HK) TP to HKD140, Expects 1Q26 Overseas Sales to Drop 27% QoQ
Although POP MART has not responded to the report, recruitment platform information shows that the company has started hiring a store manager for the first POP BAKERY outlet, offering a monthly salary of RMB10,000-15,000.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Pop Mart 9992
by winston » Tue May 12, 2026 8:29 pm
vested
POP MART 1Q Overall Revenue Up 75-80% YoY
POP MART (09992.HK) announced that overall revenue for the first quarter of 2026 recorded a period-on-period increase of 75%-80% as compared to the first quarter of 2025, among which, revenue attributed from operations in the PRC recorded a period-on-period increase of 100%-105%, revenue attributed from operations in Asia-Pacific recorded a period-on-period increase of 25%-30%, revenue attributed from operations in America recorded a period-on-period increase of 55%-60%, and revenue attributed from operations in Europe and other regions recorded a period-on-period increase of 60%-65%.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
POP MART 1Q Overall Revenue Up 75-80% YoY
POP MART (09992.HK) announced that overall revenue for the first quarter of 2026 recorded a period-on-period increase of 75%-80% as compared to the first quarter of 2025, among which, revenue attributed from operations in the PRC recorded a period-on-period increase of 100%-105%, revenue attributed from operations in Asia-Pacific recorded a period-on-period increase of 25%-30%, revenue attributed from operations in America recorded a period-on-period increase of 55%-60%, and revenue attributed from operations in Europe and other regions recorded a period-on-period increase of 60%-65%.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Re: Pop Mart 9992
by winston » Wed May 13, 2026 10:43 am
not vested
1Q26 expansion led by exceptional growth in China’s online channels
1Q26 revenue up 75–80% y/y, driven by remarkable performance in China, above expectations
China operations soared 100–105%, with online channels exploding 150–155% and offline channels up 75–80%
Other regions also posted strong gains, including the Americas (+55–60%), Europe & others (+60–65%), and Asia-Pacific (+25–30%).
Reiterate a BUY (TP: HKD247), with more to follow after the 1Q26 briefing at 9.30am HKT tomorrow
Source: DBS
https://www.dbs.com/insightsdirect/comp ... ecid=30919
1Q26 expansion led by exceptional growth in China’s online channels
1Q26 revenue up 75–80% y/y, driven by remarkable performance in China, above expectations
China operations soared 100–105%, with online channels exploding 150–155% and offline channels up 75–80%
Other regions also posted strong gains, including the Americas (+55–60%), Europe & others (+60–65%), and Asia-Pacific (+25–30%).
Reiterate a BUY (TP: HKD247), with more to follow after the 1Q26 briefing at 9.30am HKT tomorrow
Source: DBS
https://www.dbs.com/insightsdirect/comp ... ecid=30919
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Pop Mart 9992
by winston » Wed May 13, 2026 2:15 pm
vested
Summary of Latest Ratings, TPs, Views on POP MART from Major Brokers
Brokers | Ratings | TPs (HKD) | Core Views
Related News: POP MART 1Q Overall Revenue Up 75-80% YoY
Citi | Buy | 350 | 1Q revenue growth of 75-80% beat, but a notable QoQ decline of about 40% in overseas markets raised concerns over the sustainability of growth.
JP Morgan | Overweight | 350 | Stronger-than-expected performance in China and the Americas drove robust 1Q revenue growth of 75-80%.
Morgan Stanley | Overweight | 247 | Strong growth momentum in China led revenue to beat. Although overseas sales faded QoQ, this was in line with seasonal market expectations.
UBS | Buy | 237.5 | Domestic sales beat on heightened supply of Twinkle Twinkle, Lunar New Year products and Labubu. Overseas markets normalized as expected.
CLSA | Outperform | -- | 1Q revenue growth met expectations. Strong performance in China was offset by weaker-than-expected results in non-China regions, particularly Asia-Pacific.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
Summary of Latest Ratings, TPs, Views on POP MART from Major Brokers
Brokers | Ratings | TPs (HKD) | Core Views
Related News: POP MART 1Q Overall Revenue Up 75-80% YoY
Citi | Buy | 350 | 1Q revenue growth of 75-80% beat, but a notable QoQ decline of about 40% in overseas markets raised concerns over the sustainability of growth.
JP Morgan | Overweight | 350 | Stronger-than-expected performance in China and the Americas drove robust 1Q revenue growth of 75-80%.
Morgan Stanley | Overweight | 247 | Strong growth momentum in China led revenue to beat. Although overseas sales faded QoQ, this was in line with seasonal market expectations.
UBS | Buy | 237.5 | Domestic sales beat on heightened supply of Twinkle Twinkle, Lunar New Year products and Labubu. Overseas markets normalized as expected.
CLSA | Outperform | -- | 1Q revenue growth met expectations. Strong performance in China was offset by weaker-than-expected results in non-China regions, particularly Asia-Pacific.
Source: AASTOCKS Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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