智通财经APP获悉，泡泡玛特(09992)涨超5%，高见220再创新高。截至发稿，涨4.9%，报218.4港元，成交额6.05亿港元。
摩根士丹利发布研报称，将泡泡玛特2025至27年的销售额及经调整净利润预期分别上调5%至9%，料今年全年分别同比升98%及1.14倍。该行指，由于Labubu v3在全球的需求强劲，尤其是美国，将带动新店开业，将会是2025至26年的关键增长因素。
该行指出，越南供应链的进展超出该行预期，集团最近表示大部分美国商品将在今年第三季度前从越南发货，加上贸易局势纾缓，关税带来的利润影响可能会小于预期。另外，似乎美国市场已接受新产品价格上调12至27%。随着关税影响可能减弱，平均售价上涨将于长期提升美国市场的利润率。
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