Damo said that after the first quarter data for Bubble Mart (09992) is released, the company's stock price will respond positively, and future catalysts include May Day Gold Week.
The Zhitong Finance App learned that Damo released a research report stating that it gave Bubble Mart (09992) an “increase in weight” rating, with a target price of HK$38. The company's strong sales data for the first quarter marked the beginning of a new growth cycle. Mainland sales increased 20% and overseas sales increased by 240% to 245%. The data is remarkable, and the accelerated growth of overseas business is also worth paying attention to. The bank believes that after the first quarter data is released, the company's stock price will respond positively. Future catalysts include May Day Gold Week, because the company's recent sales performance during the long holiday season is good. In addition, a toy set similar to Lego will be launched in June, mobile games will be publicly tested, and a non-toy series of popular intellectual property (IP) products will also be launched in the second half of the year, so it still has a positive opinion on the company.