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<Research>BofAS Foresees POP MART to Have Various Growth Drivers This Yr; Rating Kept Buy w/ TP HKD300
Recommend 9 Positive 17 Negative 7 |
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BofA Securities has released a research report expecting POP MART (09992.HK) to have multiple growth drivers this year based on its channel survey results. The broker has kept unchanged the 2026 growth forecast of over 30% for POP MART. It believes the market consensus on the group's revenue and adjusted net profit forecasts has only limited downside risk, since the significant stock price pull-back and valuation reduction have already reflected the market's lower expectations for its performance. BofA Securities' rating for POP MART remains Buy, alongside a target price of HKD300. Looking ahead to 2026, BofA Securities believes POP MART will embrace several growth drivers, including massive upside potential for its existing IPs, such as further monetization of the Monsters series, promoting the globalization of IPs like Skullpanda and Hirono, as well as the launch of new variants of popular IPs like Molly. AAStocks Financial News |
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