泡泡玛特予“跑赢行业”评级,升目标价至220港元

中金公司
25 Apr

一、核心观点与评级调整中金公司 在最新研报中对泡泡玛特(09992)给予了“跑赢行业”的评级,并将其目标价上调至220港元。这一调整主要基于公司重点IP优质新品储备丰富以及北美市场热度持续走高的预期。同时,中金分别上调了泡泡玛特2025及2026财年的经调整净利润预测,增幅分别为10%和8%,达到64亿及79.2亿元人民币。二、财务预测与估值分析根据中金的预测,泡泡玛特在今明两年的经调整市盈率将...

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