Zhongtong Finance APP learned that UBS Group released a research report stating that it raised the target price of Pop Mart (09992) by about 14.6%, from 75.5 Hong Kong dollars to 86.5 Hong Kong dollars, with a "buy" rating. To reflect the good third-quarter performance, the bank raised the company's earnings forecast per share for 2024 to 2026 by 12%, and remains bullish on the company's IP innovation and potential global expansion.

The bank pointed out that Pop Mart's sales performance in the third quarter significantly exceeded expectations. In addition, the bank continues to be optimistic about the company's potential growth in its well-known IP product portfolio, with future catalysts including the traditional peak season for overseas business in the fourth quarter; new sectors and businesses such as cards, trinkets, new IP products, and other factors.