Pop Mart (09992) rose by 4.38% in early trading, now trading at 72.55 Hong Kong dollars, with a transaction value of 0.394 billion Hong Kong dollars.
From November 5th to 10th, the 7th China International Import Expo is being held at the National Exhibition and Convention Center in Shanghai. Pop Mart will make its debut at the Consumer Goods Exhibition Area 5.1H Booth B2-B5 of the Import Expo, showcasing a large number of classic trendy toys such as MOLLY, THE MONSTERS, PUCKY, CRYBABY, Peach Riot, and many innovative product categories developed around these IPs.
It is worth noting that Pop Mart recently released a third-quarter performance forecast. Revenue is expected to increase by 120%-125% year-on-year, with Mainland China revenue up by 55%-60% year-on-year, and revenue from Hong Kong, Macau, Taiwan, and overseas up by 440%-445% year-on-year, far exceeding expectations. Credit Suisse stated that Pop Mart has a strong product line, and the market has responded well to its new product launches. Credit Suisse forecasts a 116% increase in fourth-quarter sales.