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CICC Raises POP MART's TP by 29% to $220; 1QFY25 Domestic/ Overseas Rev. Growth Beats
2025-04-25 09:28:14
POP MART (09992.HK) is expected to record revenue growth of 165-170% YoY in 1QFY25, which further accelerates QoQ, according to a report from CICC.

Specifically, the company's revenue is predicted to grow by 95-100% YoY from China (including Hong Kong, Macau, and Taiwan) and by 475-480% YoY from the overseas market, both surpassing the broker's and the market's expectations. Such achievements are attributable to outstanding same-store performance in China and high demand from overseas markets.

CICC lifted its target price for POP MART by 29% to $220, with an Outperform rating.
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