HK new consumption shares Rally spiked this year. Laopu Gold has accumulated gains of nearly 300% year-to-date, with its share price once surpassing HK$1,000; Pop Mart has surged over 200% year-to-date, with its market capitalization exceeding HK$360 billion.

Laopu Gold Surged 300%

Laopu Gold stock price surged 300% YTD, hitting record high HK$1,015 on Jun 5.

The jewelry maker soared more than 2,300% since its listing in late June 2024, emerging as the new face of Chinese luxury and outperforming over 500 peers in the Hang Seng Composite Index.

Laopu has yet to indicate any plans for a stock split, a common strategy taken by high-flying firms to cheapen the value of each share and make it more affordable.

Pop Mart Soared 200%

Wall Street analysts are rushing to raise price targets on Pop Mart International Group Ltd. following the success of its Labubu dolls.

At least five brokerages, including Deutsche Bank AG and Morgan Stanley, have lifted projections on Pop mart last week. Citigroup Inc. hiked its price target by 90% to a street high of HK$308 apiece, citing the growing influence of the company’s intellectual properties globally.