0509 GMT - The frenzy over Labubu spreading to U.S. and European markets should accelerate Pop Mart's earnings growth, Citi analysts say in a research note. Citi expects Pop Mart's 2025 net profit to grow 124% and revenue to gain 95% amid better global recognition of its IPs. Despite new entrants into the industry, the analysts still think Pop Mart is unique in terms of its "unparalleled capability of IP incubation and product development." The upgrade of its global organization structure and localized operation should also facilitate global expansion, they add. Citi raises the stock's target price to HK$308.00 from HK$162.00 and keeps a buy rating. Shares are 0.9% lower at HK$264.00. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
June 13, 2025 01:09 ET (05:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。