泡泡玛特:Labubu可持续发展,维持“买入”评级

和讯网
Sep 18, 2025

【汇丰研究:Labubu可持续发展,呼吁买入泡泡玛特】汇丰环球研究报告显示,泡泡玛特股价自8月高位后跑输恒指,原因是Labubu二手价格下跌,以及美国市场在淡季势头减弱。 该行认为,Labubu已成为全球潮流文化符号,可与Kaws、Bearbrick相比,这些IP均历经超10年发展周期,且Labubu2024年才开始积极与全球品牌联名,断言其达高峰过早。 该行维持泡泡玛特“买入”评级与目标价379...

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