[Broker Focus] Shen Hong Wanyuan maintains a "buy" rating for Pop Mart (09992), pointing to accelerated overseas new store expansion.

Jinwu Cai Xun | Shen Hong Wanyuan released a research report stating that Pop Mart (09992) has a positive profit forecast for H1 2024, exceeding expectations. The company is expected to achieve a year-on-year revenue growth of 55% and a year-on-year net income growth of 90% in H1 2024. The main reasons for the better-than-expected performance are: 1) The global recognition of IP has improved, product diversification has promoted revenue growth, and overseas revenue has increased significantly; 2) Cost optimization and strengthened expense management have improved profitability. According to the profit forecast, the company's profit margin in H1 2024 will increase, and the scale effect will significantly improve profitability by continuously optimizing product costs and enhancing expense control. According to Interface News, the year is 2024.

金吾財訊Jul 26 02:55 ET

HK stocks surge | Pop Mart (09992) up more than 4%, first half-year profit is expected to increase by over 90%, impressive performance in overseas and new IP.

Pop Mart (09992) surged over 4%. As of press time, it rose 4.14% to HKD 38.95, with a turnover of HKD 0.101 billion.

Zhitong FinanceJul 26 01:59 ET

Brokerage is focusing on Pop Mart as Haitong Securities gives the company an 'outperform' rating, expecting product cost optimization to help sustain gross margin increase.

Haitong Securities issued a research report stating that Pop Mart (09992) announced its profit forecast for the first half of 2024, with an expected year-on-year revenue growth of not less than 55% and net profit (excluding fair value changes) expected to grow by not less than 90%. The bank believes that in terms of offline channels, mainland China's offline channels are expected to maintain rapid growth, while the number of stores in Hong Kong, Macao, Taiwan and overseas offline channels is expected to increase, with high-speed revenue growth, and revenue growth of 64.68%/37.93%/29.42% from 2024 to 2026. As for online channels, the bank expects that the Mainland China online channel will remain stable.

金吾財訊Jul 25 03:16 ET

SPDB International Starts Pop Mart International Group at Buy With HK$51.30 Price Target

MT NewswiresJul 24 02:49 ET · Ratings

Pop Mart CEO Wang Ning appears on the cover of Forbes China.

On July 22, Forbes China released its annual CEO list, and Wang Ning, the founder and CEO of Pop Mart, was selected for the first time and appeared on the cover of Forbes China. This year has the highest number of "80s" CEOs, reaching a record six, and Wang Ning, born in 1987, became the youngest self-made founder in the history of the list. The list also includes Fang Hongbo of Midea Group, Wang Chuanfu of BYD Company Limited, Lei Jun of Xiaomi, and Ding Lei of Netease.

Gelonghui FinanceJul 23 07:12 ET

[Brokerage Focus] China Merchants maintains a "strong recommendation" rating for Pop Mart (09992). The increase in overseas business volume is expected to be advantageous for continued improvement in profit margin.

China Merchants Securities issued a research report stating that Pop Mart (09992) issued a profit forecast, greatly exceeding expectations. The YoY increase in revenue in 2024H1 is no less than 55%, with a lower limit calculation of 4.36 billion in revenue for 2024H1. Group net income (excluding financial instrument exchange gains and losses that have not been completedly accounted) will increase by no less than 90% YoY, with a lower limit calculation of 0.907 billion and a net profit margin of 20.8%, a YoY increase of 3.8pct. The report mentioned that in terms of profitability, the company continues to optimize product costs, strengthen cost control, and improve its profitability. Economies of scale have greatly increased net income. In addition, considering

金吾財訊Jul 23 03:02 ET