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<Research>CICC Keeps Outperform on POP MART for Promising Capability to Keep On Innovating
Recommend 8 Positive 19 Negative 4 |
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CICC has published a research report highlighting POP MART (09992.HK)'s recent bright spots, including the continuously high demand for products of the Pucky Tap Tap Babies series and the hot sales of plush pendant blind boxes of the Have a Good Run series and the Twinkle Twinkle Crush On You series. In CICC's opinion, the strong performance of these new launches once again confirms POP MART's product development and innovation capabilities, which are supported by a mature R&D innovation mechanism and a direct customer operation system. Remaining optimistic about POP MART's sustainable innovation capability and the growth potential brought by its platform-based layout, CICC has kept an Outperform rating on POP MART with a target price of HKD370. AAStocks Financial News |
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