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Pop Mart, Haidilao, Nongfu Spring to Set Tone for China Consumption
Market movement update | POP MART has risen nearly 3%, continuing to hit a new high, with a cumulative increase of over 53% this year, and will disclose its annual performance next Wednesday.
On the news front, POP MART will disclose its full-year performance for 2024 on March 26 (next Wednesday). As the earnings report disclosure date approaches, several major banks have released bullish research reports on POP MART's future performance and sales expectations.
Citigroup, Morgan Stanley, and Bank of America are collectively Bullish! POP MART's Earnings Reports are about to be released, and its stock price keeps hitting new highs.
① The stock price of POP MART on the Hong Kong Stock Exchange has increased for five consecutive days, closing at 136.3 HKD per share, with a total market capitalization of 183 billion HKD, reaching a historic high. ② Several well-known investment Institutions have released Research Reports predicting a bullish outlook for POP MART's future performance and sales.
Has the direction of the Hong Kong stock market changed? In the past month, the Consumer Sector has attracted an Inflow of over 90 billion Hong Kong dollars from southbound funds, significantly outpacing the Technology Sector.
① In the past month, the Hong Kong Consumer Sector has received an Inflow of over 90 billion Hong Kong dollars from southbound funds. What Bullish stimuli have benefited from this? ② The release of the "Special Action Plan to Boost Consumer" policy, what impact will it have on the market?
POP MART (09992) rose by 5.44%, with the stock price reaching a new high. Institutions indicate that the company's Global Business landscape is rapidly expanding.
Jinwu Financial News | POP MART (09992) stock price hits a new high, as of the report, up 5.44%, at 129.9 Hong Kong dollars, with a transaction amount of 1.062 billion Hong Kong dollars. On the news front, Bank of America Securities stated that POP MART is a leading company in China's trendy toy market, and its Global business footprint is rapidly expanding. It predicts that from 2023 to 2026, the compound annual growth rate of revenue and Net income will reach 56% and 84% respectively, and currently predicts earnings per share for 2024 to 2026 to be 25%, 37%, and 49% higher than the market's general expectations, believing that the market has underestimated its overseas business growth and user engagement.
Major Bank Rating | Bank of America: Initiates a "Buy" rating on POP MART; strong performance in overseas Business may become a catalyst for stock price increase.
Bank of America Securities published a research report, initiating coverage on POP MART with a "Buy" rating, stating that POP MART is a leading enterprise in China's trendy toy industry, and its Global business footprint is rapidly expanding. It predicts that between 2023 and 2026, the annual compound growth rates of revenue and Net income will reach 56% and 84% respectively. Currently, the earnings per share forecast for 2024 to 2026 is 25%, 37%, and 49% higher than the general market expectations, believing that the market underestimates its overseas business growth and user engagement.
