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<Research>M Stanley Rates POP MART as Overweight w/ TP HKD382, Views Production Ramp-ups as Boon for Customer Base Expansion
Recommend 17 Positive 36 Negative 17 |
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The market has recently become cautious towards POP MART (09992.HK), viewing its increased supply as a negative factor, Morgan Stanley wrote in its research report. However, the broker holds an opposite view, referencing Pokemon's spike in card production capacity in 2021-22 to address speculation and customer experience issues. Although the secondary market prices of its cards declined, it managed to expand its customer base and drive sustained strong demand. Morgan Stanley has kept a target price of HKD382 on POP MART with an Overweight rating, naming it as its industry top pick. AAStocks Financial News |
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