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<Research>JPM Elevates POP MART (09992.HK) TP to $330, Reaffirms Sector Top Pick, Places on Positive Catalyst Watch
Recommend 17 Positive 30 Negative 14 |
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JPMorgan released a research report saying that it is impressed by the rapidly growing brand heat and consumer demand for POP MART (09992.HK)'s IP products Labubu and Crybaby globally. The broker elevated its target price for POP MART from $250 to $330, with rating at Overweight, based on a 1.5x PEG, a 20% discount to the industry peers' market-cap-weighted average PEG of approx. 1.9x. JPMorgan placed POP MART on its positive catalyst watch list, predicting a profit of RMB3.5 billion in 1H25, exceeding the full-year profit for 2024, and reaffirmed the stock as its top pick in China's consumer goods sector. AASTOCKS Financial News Website: www.aastocks.com |
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