Pop Mart 9992

[behappyalways]

Crybaby's largest global exhibition:
A giant "tear ball pool" offers an interactive experience; the exhibition…

Crybaby全球最大規模展覽：巨型「淚球池」提供互動體驗；展覽…

https://m.youtube.com/watch?v=i6BMXJUmHTE

[behappyalways]

Pop Mart Fever Cools Down; Secondhand Labubu Prices Plunge Below Original Price; Sony Pictures Just Acquired Film License; Labubu Craze Fades

泡泡瑪特退燒 二手Labubu"大跳水"跌破原價 索尼影業才獲電影授權 Labubu熱潮退燒│記者 劉玨妤│國際焦點20251230│三立新聞台

https://m.youtube.com/watch?v=iOSmgN6rKWQ

[behappyalways]

Pop Mart is offering 50% off! Some styles from LABUBU are also available from scalpers.

泡泡瑪特打5折！　黃牛LABUBU部分款式「跌破原價」｜#鏡新聞

https://m.youtube.com/watch?v=VP7xqVfP7_s

[winston]

vested

<Research>M Stanley Expects POP MART (09992.HK) Sales Performance to Exceed Forecast, Reaffirms Top Pick

Morgan Stanley published a research report predicting that POP MART (09992.HK) 's sales growth will be more resilient in the US, with the Group's overall sales performance expected to surpass market expectations.

Into 2026, the broker believed that market focus may shift from the US market and Labubu products to the Group's overall development momentum.

Related News: BofAS Axes POP MART (09992.HK) TP by 25% to $300, Continues to List as CN Top Consumer Stock

Therefore, Morgan Stanley reaffirmed POP MART as its top pick, with a target price of $325 and rating at Overweight.

Source: AASTOCKS Financial News

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

[winston]

vested

China's Pop Mart expands supply chain amid global push

Chinese toymaker Pop Mart (9992) has added manufacturing facilities in Mexico, Cambodia and Indonesia.

Previously the company's production bases were all located in China and Vietnam.

Pop Mart is pushing aggressively into the US market, aiming to add dozens of stores this year on top of the 60 they already have.

In August the company said it was ramping up to expand capacity, with monthly plush toys output at around 30 million units, more than ten times from 2024.

Source: The Standard

https://www.thestandard.com.hk/market/article/320895/

[winston]

<Research>Citi Expects POP MART (09992.HK) to Drive LT Growth via IP Diversification/ Product Innovation, Keeps Buy Rating

After achieving significant success in 2024-2025, the market began to focus on how POP MART (09992.HK) will sustain its long-term growth path if the LABUBU craze subsides, according to Citi Research's research report.

The novelty on LABUBU may have temporarily peaked, awaiting the emergence of the next viral hit.

Looking ahead to 2026, the broker expected breakthroughs in IP diversification, product innovation and cross-sector monetization to support continued growth.

Therefore, Citi Research kept rating at Buy, with a target price of $415.

Source: AASTOCKS Financial News

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

[winston]

vested

Pop Mart teams up with HONOR to launch first art toy phone

by Helen Zhong

China's phone maker HONOR said it will engage in an Intellectual Property collaboration with Pop Mart International (9992) for its 500 series, positioned as the industry's first smartphone featuring the art toy, which is set to be unveiled on January 19,

Previously, the doll maker collaborated with the Chinese phone brand VIVO in Taiwan to launch its IP ZSIGA photo frames.

It collaborated with the Macao government in June last year to merge its popular IP, including Baby Molly, CRYBABY, DIMOO, and LABUBU in a selfie spot creation, featuring foods and city cultural attractions as themes.

Source: The Standard

https://www.thestandard.com.hk/market/article/321359/

[winston]

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<Research>M Stanley: POP MART Launches 1st Shr Buyback in ~2 Yrs, Estimated to Hold RMB20B Net Cash by End-2025, Ample Resources to Reward Shareholders

POP MART (09992.HK) disclosed in its statement that it repurchased 1.4 million shares on the Hong Kong Stock Exchange yesterday (19th) at prices ranging from HKD177.7 to HKD181.2 per share, involving a total amount of around HKD251 million.

According to Morgan Stanley's report, POP MART's recent buyback of 1.4 million shares involved about HKD251 million and accounted for around 9% of the trading volume that day. Its last buyback occurred in February 2024, just before its results were announced.

Related News: BofAS Foresees POP MART to Have Various Growth Drivers This Yr; Rating Kept Buy w/ TP HKD300

Morgan Stanley estimated that POP MART recorded a net profit of RMB12.6 billion in 2025 and held RMB20 billion in net cash by the end of that year, indicating ample financial resources to further reward its shareholders.

The broker reiterated an Overweight rating on POP MART and a target price of HKD325.

Source: AAStocks Financial News

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

[winston]

vested

<Research>HTSC Keeps Buy on POP MART; Results Growth Sustainability Underestimated

Recent market expectations for POP MART (09992.HK) have been gravely influenced by short-term high-frequency tracking data, which has in turn elevated concerns about the IP popularity and the sustainability of its performance growth, according to Huatai Securities' research report.

However, data tracked by Huatai Securities showed that POP MART's domestic and overseas performance demonstrated high QoQ resilience in 4Q25.

After experiencing the sales peak of Labubu 3.0, the company's IP matrix provided solid support for sales growth.

Related News: BofAS Foresees POP MART to Have Various Growth Drivers This Yr; Rating Kept Buy w/ TP HKD300

Believing that the sustainability of POP MART's performance growth and its medium- to long-term potential are underestimated and the valuation is attractive at the current stage of market divergence, Huatai Securities has kept a Buy rating on POP MART and named it as a key recommendation, with a target price of HKD410.

Source: AAStocks Financial News

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

[winston]

vested

<Research>BOCI Expects POP MART Shr Buyback to Restore Mkt Confidence; Labubu Key Pillar Still

BOCI's research report said that the stock price of POP MART (09992.HK) has been under pressure since the end of 2025, due to market concerns over the waning popularity of Labubu and slackening growth.

However, the broker believed that most concerns are overdone, and the company's share buyback initiated on January 19, 2026 should be able to restore market confidence.

Moreover, POP MART's report disclosed that it had repurchased 500,000 shares on the Hong Kong Stock Exchange yesterday, with prices ranging from HKD191.1 to HKD194.9 per share, involving a total amount of approximately HKD96.49 million.

Related News: HTSC Keeps Buy on POP MART; Results Growth Sustainability Underestimated

BOCI expected that Labubu will remain a key pillar in sales this year with the launch of new products and other IPs will perform better as overseas consumers become more familiar with them.

Therefore, the broker still believed that POP MART will maintain strong momentum in overseas expansion and expected strong YoY growth in revenue and net profit of 32.8% and 37.6% respectively this year.

The target price was lowered from HKD405.6 to HKD291.9, but the Buy rating was reaffirmed.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news