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POP MART Last Surges 3.2%, Setting New High, against Mkt
Recommend 3 Positive 8 Negative 2 |
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POP MART (09992.HK), which designs, develops and sells trendy toy products based in mainland China, opened 2.44% higher this morning, with wilder upswing on capital pursuit. It peaked at $107, hitting a record high. It last reported at $105.6, up 3.23% against the market, with 2.2969 million shares traded, involving $243 million. Morgan Stanley had recently released a research report stating that the “Ne Zha 2” series has brought good revenue contributions to POP MART. It is projected that POP MART will continue its strong earnings upcycle in 2025. The broker named the company as a sector top pick. The broker set a target price of $113 for POP MART H-shares and gave an Overweight rating. Macquarie had earlier estimated that the CAGRs of revenue and net profit of POP MART will be 26% and 30% respectively from 2024 to 2028. The broker gave POP MART an Outperform rating and a target price of $111. AAStocks Financial News |
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