Pop Mart 9992

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POP MART Spikes 7%+; Secret Valentine's Edition Blind Boxes Selling for ~7x Retail Price on 2nd-Hand Platforms

According to Chinese media reports, POP MART has launched 2026 Valentine's Day limited-edition blind boxes.

Platform data shows that the transaction price of the two secret blind boxes has surged by 6.8 times from RMB89 to RMB699, making them the products with the highest premium of Pop Mart in 2026.

Source: AAStocks Financial News

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

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<Research>HTSC: POP MART Shr Buyback Shows Growth Confidence, Products Continue to Be Surprisingly Innovative; Rating Kept at Buy

POP MART (09992.HK) recently initiated a share buyback, repurchasing a total of 1.9 million shares on 19 and 21 January, with a buyback amount of $310 million, according to Huatai Securities' research report.

The amount and number of shares in this round of buyback exceeded previous levels, demonstrating the Company's confidence in its growth prospects.

Related News: 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

The broker was optimistic about the Company's acceleration in diversifying and balancing its IP structure this year, with faster implementation of business format like theme parks, animation content, desserts and accessories, cultivating new growth points and strengthening emotional connections with IPs to alleviate market concerns about fashion risks.

Considering the Company's high barrier in platformization and continuous expansion of IP and business diversification, Huatai Securities maintained the Company's 2026 target PE ratio at 27x and a target price of $410, and kept rating at Buy, with continuously strong recommendation.

Source: AASTOCKS Financial News

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

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Wang Ning: POP MART's Success Lies in 'Restraint'; Introduction of Blind Boxes Based on Consumer Mentality

Wang Ning, Founder of POP MART (09992.HK) said in an interview with Xinhua News Agency aired today (23rd) that the introduction of blind boxes took consumer mentality into consideration.

Wang emphasized that POP MART's approach differs from its competitors, stressing that the Company's success lies in 'restraint.'

POP MART says ‘no’ far more often than it says 'yes,' steadfastly avoiding excessive store expansion, refraining from building additional theme parks and steering clear of indiscriminate collaboration & partnerships.

Related News - HTSC: POP MART Shr Buyback Shows Growth Confidence, Products Continue to Be Surprisingly Innovative; Rating Kept at Buy

Compared to century-old enterprises like Walt Disney (DIS.US) , POP MART is still just a 'youngster,' with a long journey ahead, he added.

IP companies must navigate numerous cycles, and he believed that the global IP industry is one of longevity.

Source: AAStocks Financial News

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

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<Research>CICC Keeps Outperform on POP MART for Promising Capability to Keep On Innovating

CICC has published a research report highlighting POP MART (09992.HK) 's recent bright spots, including the continuously high demand for products of the Pucky Tap Tap Babies series and the hot sales of plush pendant blind boxes of the Have a Good Run series and the Twinkle Twinkle Crush On You series.

In CICC's opinion, the strong performance of these new launches once again confirms POP MART's product development and innovation capabilities, which are supported by a mature R&D innovation mechanism and a direct customer operation system.

Remaining optimistic about POP MART's sustainable innovation capability and the growth potential brought by its platform-based layout, CICC has kept an Outperform rating on POP MART with a target price of HKD370.

Source: AAStocks Financial News

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

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Pop Mart's "Electronic Wooden Fish" Sparks Another Buying Frenzy! Scalper Prices Triple

泡泡瑪特「電子木魚」再掀搶購! 黃牛價翻3倍｜TVBS新聞

https://m.youtube.com/watch?v=qBT51wEeOgQ

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<Research>Macquarie Maintains POP MART's Outperform Rating; Recent Shr Price Correction Seen as Mkt Overreaction

Macquarie published a research report covering POP MART (09992.HK) which had recently launched the well-received Valentine's Day limited edition blind box series, "Twinkle Twinkle - Crush on You", with the first batch selling out swiftly.

The report noted that Pop Mart operates a diversified product and IP portfolio, enabling continuous consumer interaction through product development.

The broker expected that the revenue contribution from its top 2-6 IPs will increase from 43% in 2025 to 48.6% in 2026.

Macquarie also believed that the recent share-price correction from concerns on US moderation is overdone.

It suggested that timely stock buybacks after a sharp price correction could instil investor confidence.

Macquarie was optimistic about Pop Mart's capacity expansion supporting sales growth, thus maintaining its earnings forecast and Outperform rating, with a target price of HKD470.

Source: AASTOCKS Financial News

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

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Labubu maker Pop Mart sets up London hub for European push

The company will open 27 new stores in Europe in the coming year

The company will open 27 new stores in Europe in the coming year, including as many as seven in the UK.

Europe accounted for less than 3.4 per cent of the Beijing-based toymaker’s revenue in the first half of 2025, compared with 16.3 per cent from the Americas.

The company operated 18 physical stores in Europe as at mid-2025 and has since opened at least eight new outlets across the continent, in cities including Copenhagen and Rome.

Shares of Pop Mart have dropped more than 30 per cent from their August peak.

Source: Bloomberg

https://www.businesstimes.com.sg/lifest ... opean-push

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<Research>M Stanley Rates POP MART as Overweight; Upsides Still Possible in Mar, Apr

POP MART (09992.HK) 's stock buyback is an effective catalyst, and the widespread popularity of its new IP products, Twinkle Twinkle and Skullpanda, will continue to drive its IP product operations, Morgan Stanley commented in its research report.

Considering investors' holdings, Morgan Stanley believes POP MART's stock price may still have upside potential in March to April. It has given this stock a target price of HKD325 and an Overweight rating.

Source: AAStocks Financial News

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

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POP MART Founder: Labubu's Global Sales Top 100M Units Last Yr

POP MART (09992.HK) founder and CEO Wang Ning, disclosed at the company's annual meeting that the company had over 10,000 global employee partners last year, with more than 100 million registered members, and Labubu's annual sales exceeded 100 million units, Shanghai Securities News reported.

The total sales of all categories and all IP products surpassed 400 million units.

POP MART's business covers over 100 countries and regions, with more than 700 global stores, six major supply chain bases, and empowered over 200,000 jobs.

Source: AASTOCKS Financial News

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

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<Research>Macquarie Reiterates Outperform on POP MART, Optimistic About Overseas Mkt Expansion Potential

POP MART (09992.HK) announced that it sold over 400 million units across all its IP product categories globally in 2025, with sales of THE MONSTERS series alone exceeding 100 million units.

Although POP MART didn't disclose the specific composition of the 400 million units, Macquarie wrote in its research report that the increased proportion of plush toys (which typically have a higher unit price than trendy toys) and overseas markets (priced higher than in mainland China) should push up the average selling price in 2025.

Related News: M Stanley Rates POP MART as Overweight; Upsides Still Possible in Mar, Apr

Remaining optimistic about POP MART's potential to expand into overseas markets through balanced IP development, Macquarie reiterated an Outperform rating on POP MART and gave it a target price of HKD470.

Source: AAStocks Financial News

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