GO
| HSI1 | 23,026.68 | +354.82 | 315.38B |
| HSCEI1 | 7,605.34 | +144.50 | 95.65B |
| Back Zoom + Zoom - Block Traded | |
|
2026-06-29 11:24:34 POP MART (09992.HK) opened flat today and hit a trough of HKD153. It last posted at HKD157.6, down 0.57%, with turnover of 8.1947 million shares, involving HKD1.282 billion. Deutsche Bank issued a research report on POP MART, which launched "THE MONSTERS HAIR SALON" blind box series online and offline on June 25 and 26, respectively, priced at RMB159 per box. Although the company has not confirmed whether the series belongs to "Labubu 4.0", the launch timing suggests it is one of this year's core products. The series debuted during the World Cup period, gained exposure at the opening ceremony and received endorsement from Lisa, lifting market expectations. However, initial market feedback fell far short of expectations. On the first day of launch, only two to three designs recorded a premium in the secondary market, while several standard versions traded well below the official retail price, with two less popular versions changing hands at around RMB107. If further restocking occurs, secondary market prices may face greater pressure, reinforcing perceptions that Labubu's scarcity is fading, the broker opined. Contrary to market optimism, the broker forecast POP MART's 2026 revenue to decline 2% YoY, accompanied by more pronounced operating deleveraging, and projected 2026 net profit at RMB1.15 billion. The broker maintained its Sell rating with a target price of HKD140. ~ AASTOCKS Financial News Website: www.aastocks.com | |