Pop Mart 9992

[winston]

not vested

Pop Mart posts near-fourfold surge in interim net profit

First-half net profit skyrocketed nearly four times, as 13 artistic intellectual properties generated revenue exceeding 100 million yuan (HK$108.6 million).

Reported a net profit of around 4.6 billion yuan, 3.97 times more than the same period last year, while adjusted net profit recorded 4.71 billion yuan, marking a growth of 3.63 times.

Revenue surged 2.04 times to 13.88 billion yuan.

Sales in the Chinese market contributed 8.28 billion yuan, a year-on-year increase of 135 percent.

Source: The Standard

https://www.thestandard.com.hk/tech-and ... le/309353/

[winston]

not vested

<Hindsight>Brokers' Latest TPs, Views on POP MART Post-results

POP MART (09992.HK) announced its interim results after the market closed yesterday (19th).

Broker│Investment Rating│Target Price (HKD)
BofA Securities│Buy│370
Morgan Stanley│Overweight│365
Huatai Securities│Buy│348
Citi│Buy│384.5
JPMorgan│Overweight│340
Nomura│Buy│330
CLSA│Outperform│318
Jefferies│Buy│315.2
Goldman Sachs│Neutral│260

Broker | View
BofA Securities | Strong growth
Morgan Stanley | Interim results beat positive profit alert
Huatai Securities | Global momentum of IP portfolio remained sturdy
Citi | Interim results as robust as expected
JPMorgan | Vigorous overseas growth supported margin improvement
Nomura | Interim sales and earnings growth on the fast track
CLSA | Interim net profit and adjusted net profit beat, but results guidance remained key
Jefferies | Results better than expected
Goldman Sachs | Interim earnings above the broker's expectations and the positive profit alert, and operating margin expansion beat

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

Global cultural icon accelerating expansion

Following a remarkable 1H25, Pop Mart expedites expansion of its global footprint (+200 stores this year, vs. earlier guidance of +100), expects overseas sales to surpass domestic by end-2025

Targets at full-year revenue of >RMB30bn (revised from RM20bn) and net margin of c.35%, driven by scale, regional optimisation, and cost efficiencies

Raise FY25/26 earnings by 20%/18% on higher margins, and revise TP to HKD368 on robust business outlook and ample room for revenue diversification; maintain BUY

Source: DBS

https://www.dbs.com/insightsdirect/comp ... ecid=27429

[behappyalways]

Mini Labubu makes a splash before listing;
"Popmart" stock makes its debut on the Hang Seng Index

迷你Labubu未上先轟動 「泡瑪」股票首納恒指｜TVBS新聞 ‪@TVBSNEWS02‬

https://m.youtube.com/watch?v=MufYJ1O-vP4

[winston]

not vested

Pop Mart’s new mini Labubu doll sells out instantly across China online retail channels

The new batch of 28 standard edition Labubus, which stand about 10.5 centimetres (4.1 inches) tall and come in a variety of colours, were priced at 79 yuan (S$14.2) apiece in China.

The company also began sales of a larger, more premium version of the doll sold for 499 yuan and a Labubu-themed pendant.

The robust demand in China bodes well for launches in major overseas markets including the US, Thailand and Australia.

Source: Business Times

https://www.businesstimes.com.sg/lifest ... l-channels

[behappyalways]

Labubu's successor? The rise of the "Star Man" of Popo Ma, selling out of stock

Labubu接班人? 泡瑪「星星人」崛起賣斷貨｜TVBS新聞 ‪@TVBSNEWS02‬

https://m.youtube.com/watch?v=DUAFrKpmfWw

[behappyalways]

After the Labubu craze, what’s next for Pop Mart?
https://m.youtube.com/watch?v=UDsI9nCRe ... sJAYcqIYzv

[winston]

vested

POP MART Launches Halloween Blind Boxes; Super Secret Moonlit Mask Price Surges to RMB2,289, Implying 13.4x Premium

POP MART (09992.HK) launched its Halloween “WHY SO SERIOUS” blind box series at 10 pm last night (9th).

Just minutes after going on sale, blind boxes across major platforms were completely sold out, displaying as out of stock.

Offline stores and other channels began sales today (10th). Of which, a single blind box is priced at RMB159, while the full box set is priced at RMB1,272, with hang tags being priced at RMB179.

This marks POP MART's first release of an all-star IP vinyl plush pendant product, featuring IPs like LABUBU, DIMOO, MOLLY, HACIPUPI and Twinkle Twinkle.

Data from Dewu shows that the price of super secret Moonlit Mask based on LABUBU surged from RMB159 to a peak transaction price of RMB2,289, representing a 13.4x premium.

Meanwhile, the secret Bubblegum based on Twinkle Twinkle sold for RMB1,569, a premium of 9x.

Source: aastocks.com

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

Labubu keeps on striking the right chord

On Dewu App, a trendy online shopping platform, the Labubu third-generation series, released in April, has been purchased by 580,000 users, with more than 740,000 others listing it as "wanted".

Revenue from Labubu skyrocketed 6.7 times to 4.81 billion yuan, while Skullpanda brought in about 1.2 billion yuan, more than doubling from a year earlier.

The company is transitioning from a blind-box seller to a vertically integrated IP incubator, where hits like Labubu and Twinkle Twinkle, serve as both growth engines and proof of concept.

The company's growing ecosystem — spanning product, animation, retail experience, and licensing — suggests a scalable model.

Source: China Daily

https://www.thestar.com.my/business/bus ... ight-chord

[winston]

vested

<Research>JPM Upgrades POP MART (09992.HK) to Overweight, Raises TP to $320

JPMorgan released a research report upgrading POP MART from Neutral to Overweight, and raising its target price from $300 to $320.

JPMorgan noted that, since reaching a recent peak on 26 August, the Company's stock price has fallen approx. 24% in total, while the HSI has risen about 7% over the same period.

The broker believed that this implies that investors lowered their forecasts for the Company and adopted a more conservative stance.

After raising its 2025-2027 earnings forecasts by 5-7%, JPMorgan projected POP MART's sales/ adjusted earnings to increase by 165%/ 276% YoY in 2025, and by 28%/ 29% YoY in 2026.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN