据统计，近90天内共有18家投行对泡泡玛特给予买入评级，近90天的目标均价为77.03港元。此外，光大证券的最新一份研报也首次给予了泡泡玛特买入评级，相关研报指出，“公司作为中国潮玩领军企业，IP运营能力逐步被验证，出海带来较高的业绩成长性，理应给予一定的估值溢价”。里昂研报显示，泡泡玛特第三季度表现远胜预期，增速较今年上半年加快。在第三季度强劲业绩后，该行对泡泡玛特IP热度及其产品种类、管线、地域扩张的成功在未来数季度延续将有更大信心。On November 21, Bubble Mart (09992) rose 4.24% in early trading, and its stock price continued to rise. At its highest point, the price per share exceeded HK$80, and the market value exceeded HK$107 billion.
The Zhitong Finance App learned that on November 21, Bubble Mart (09992) rose 4.24% in early trading, and the stock price continued to rise. The highest price per share exceeded HK$80, and the market value exceeded HK$107 billion. As of press release, Bubble Mart's stock price was HK$79.9, and the market capitalization reached HK$107.301 billion.
According to the data, Bubble Mart's current stock price has increased by nearly 300% compared to the beginning of the year. In the first half of 2024, Bubble Mart achieved revenue of 4.56 billion yuan, a year-on-year increase of 62%, and adjusted net profit of 1.02 billion yuan, an increase of 90.1% over the previous year. Among them, mainland China's revenue was 3.21 billion yuan, up 31.5% year on year; Hong Kong, Macao, Taiwan and overseas revenue was 1.35 billion yuan, up 259.6% year on year. In the past third quarter, Bubble Mart's overall revenue increased 120%-125% year over year. Among them, revenue in mainland China increased 55%-60% year on year, and revenue from Hong Kong, Macao, Taiwan and overseas increased 440%-445% year over year.
According to statistics, a total of 18 investment banks gave Bubble Mart a purchase rating in the past 90 days, and the target average price for the past 90 days was HK$77.03. In addition, the latest research report by Everbright Securities also gave Bubble Mart a purchase rating for the first time. The relevant research report pointed out that “as a leading trendy player in China, the company's ability to operate IP has gradually been verified, and going overseas has brought high performance growth, so a certain valuation premium should be given.” According to the Lyon Research Report, Bubble Mart's performance in the third quarter far exceeded expectations, and the growth rate was faster than in the first half of this year. After strong results in the third quarter, the bank is more confident that Bubble Mart's IP popularity and the success of its product range, pipeline, and geographical expansion will continue in the next few quarters.
