0846 GMT - Pop Mart International's recent share price weakness presents a good entry opportunity, according to Nomura analysts Jizhou Dong and Riley Jin in research note. The company's share price has fell 12% last week, driven by several negative catalysts, the analysts said. These include a sharp decline in secondary market price of Pop Mart's signature IP, Labubu, within roughly one week, as well as a Chinese state media article criticizing the sale of how the company sells its products in random assortments, also known as "blind boxes," the analysts say. Nomura maintains a buy rating and raises the target price to HK$291.00 from HK$204.00. Shares were last traded at HK$252.20. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 24, 2025 04:46 ET (08:46 GMT)
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