On September 26th, $POP MART (09992.HK)$ up more than 8%, at HK$50.9, with a turnover of 0.232 billion HK dollars.

On the news front, Morgan Stanley released a research report stating that Pop Mart should record over 60% sales growth in the third quarter. It is expected that the productivity of its overseas stores will increase in July and August compared to the second quarter, driven by the summer crowds and replenishment of popular products. Moreover, the speed of opening stores in mainland China and overseas should accelerate starting from the third quarter. The firm believes that now is a good time for long-term investors to review their investment themes. The firm is confident in the company's sales results for the third quarter and believes that new products launched in the fourth quarter and the first quarter of next year will support the stock price.

In the first half of this year, Pop Mart achieved revenue of 4.56 billion yuan, a year-on-year increase of 62%; net income attributable to the parent company was 0.92 billion yuan, a year-on-year increase of 93.3%. Tianfeng Securities pointed out that Pop Mart is a comprehensive operating platform covering the entire industry chain of trendy toy IP, with a diversified IP matrix building barriers. The company absorbs approximately 14-15 external IPs and self-develops 3-4 IPs on average each year, confirming the sustainability of creating popular IPs.

Editor/Somer