0308 GMT - Pop Mart International's sales outlook appears more promising to Citi thanks to the strength in its intellectual properties. The Labubu maker recorded stronger-than-expected 3Q revenue growth, which the Citi analysts mainly credit to strong sell-through of new products globally and the company's restocking efforts. This trend is likely to be sustained in the upcoming festive season, although the momentum may decelerate thanks to a higher base, they add in a note. The company is also continuing to invest in better products, content and collaborations to enhance the influence of its IPs, analyst Lydia Ling and others say. Citi raises its target price to HK$415.00 from HK$398.00 and reiterates its buy rating. Shares are 4.6% higher at HK$262.00.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 21, 2025 23:09 ET (03:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.