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<Research>BOCI: POP MART (09992.HK) Sustains Growth Momentum in 3Q; TP Lifted to $405.6
Recommend 8 Positive 23 Negative 6 |
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POP MART (09992.HK) sustained its growth momentum in 3Q25 despite a high base, with 3Q25 revenue growing by 245-250% YoY, exceeding market expectations, according to BOCI's research report. By region, China's market revenue growth accelerated to 185-190%, while the overseas market growth slowed to 365-370% due to a higher base. The broker believed that the booming popularity of the Twinkle Twinkle series, along with the effective execution of overseas retail store expansion strategies, will continue to drive strong revenue growth in 4Q25. Moreover, potential US tariff risks can be mitigated through strategic pricing adjustments and production capacity relocation. Therefore, BOCI lifted its target price from $399 to $405.6, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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