Pop Mart 9992

[winston]

vested

<Research> BofAS Reiterates Pop Mart (09992.HK) Neutral, Sees Market Sentiment Stabilizing

BofAS issued a research report stating that Pop Mart (09992.HK) has experienced recent share price volatility, but market sentiment has stabilized.

The improvement is supported by capital inflows, a shift in risk appetite toward new consumption themes, positive sentiment triggered by activities of influential investors, resilient sales trends in the domestic market and the company's share buybacks.

However, investors remain concerned about two major risks:
1. limited visibility in overseas markets (particularly as growth momentum in the US and European markets weakened in 4Q last year) and
2. margin pressure arising from slowing overseas growth as well as rising raw material and freight costs.

The broker noted that the group will release its 1Q26 operational update in mid-May.

Revenue for the period is expected to grow by approximately 80% YoY, compared with market expectations of 50% to 100%.

The key variance lies in performance in overseas markets, especially the US and the European Union, while the mainland China market is expected to remain resilient.

It reiterated a Neutral rating with a TP of HKD170, implying a forecast 2026 PE of approximately 13x.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

China’s Pop Mart eyes expansion at home and abroad for its Pop Land theme park

Pop Mart’s Pop Land theme park in Beijing

by Zhu Wenqian

Chinese toymaker Pop Mart said it plans to develop more of its Pop Land theme parks on the mainland and overseas, and is in talks with several cities to expand beyond its sole existing venue in Beijing.

Jeffrey Hu, head of Pop Land and vice-president of Pop Mart, said on Friday that the company had established solid park operations capabilities and planned to replicate this model whenever suitable opportunities emerged.

“We also plan to develop an integrated resort blending theme park facilities, commercial spaces and hotels when the time is right,” Hu said.

Source: SCMP

https://www.scmp.com/business/china-bus ... pe=section

[winston]

not vested

POP MART Mar US Sales Tumble 45% YoY: Wire

POP MART (09992.HK) saw a sharp slowdown in sales in the US in March, a signal that highlighted the challenges facing the company in the region, Bloomberg reported.

According to Bloomberg Second Measure, which tracks credit and debit card transactions, POP MART's sales in the US fell by 45% YoY in March, compared with the growth of 41% in February and 130% in January.

This figure, however, doesn't cover cash, gift cards, and many third-party retail transactions, meaning that it doesn't represent total sales.

That said, the sales data indicate weakening consumer interest, Melinda Hu, consumer analyst at Sanford C. Bernstein, stressed. If this trend continues, it may weigh on POP MART's overall growth.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

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