0622 GMT - Pop Mart International's robust overall revenue growth in 1Q seems to strongly validate the company's strategic focus, particularly on online channels, say DBS Group Research analysts in a note. Its Chinese online channel outperformed offline channels, posting a 150%-155% surge compared with 75%-80%, they say. They believe the sound double-digit gains in markets such as China, Europe and the Americas show strong broad-based global momentum. The Labubu maker's momentum is likely to be sustained by its regional expansion strategies and multiple channels, the analysts add. The company's guidance of around 20% growth for the full year could therefore be too conservative, they say. DBS retains its buy rating and HK$247 target price. Shares fall 2.3% to HK$159.10. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 13, 2026 02:22 ET (06:22 GMT)

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