0736 GMT - Pop Mart's 3Q revenue could double from a year earlier despite a high base, DBS analysts say in a research note. Its 3Q overseas sales could rise by more than 150% year-over-year as global expansion accelerates while domestic sales could post growth of around 50%. Despite recent concerns over Pop Mart's lack of immediate growth catalysts, its medium-term investment thesis remains robust, the analysts say. Its highly diversified IP portfolio mitigates single-product risk and reinforces a more resilient growth platform, they say. "We believe the recent share price correction has created an appealing entry point," they say. DBS maintains a buy call on Pop Mart with its target price unchanged at HK$368.00. Shares are last at HK$262.00. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
September 29, 2025 03:36 ET (07:36 GMT)
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