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Labubu's price has dropped, and POP MART is plunging! Morgan Stanley: market concerns are excessive.
Morgan Stanley believes that the decline in resale prices is driven by an increase in supply rather than a decrease in demand. The company's recent restocking strategy may drive sales growth in the fourth quarter of 2024 (4Q24) and the first half of 2025 (1H25), while reducing resale activities, thereby improving the Consumer experience.
POP MART's stock rose over 4% in the morning; Citigroup is bullish on its expansion into the IP commercialization field.
POP MART (09992) rose by 4.50% in early trading, currently reported at 95.25 Hong Kong dollars, with a transaction amount of 0.416 billion Hong Kong dollars.
Hong Kong stocks movement | POP MART (09992) rose over 3% in the morning, the MEGA COLLECTION pop-up store recently opened in Sanlitun.
POP MART (09992) rose over 3% in early trading. As of the time of this report, it has increased by 2.68%, priced at 91.9 Hong Kong dollars, with a transaction volume of 0.268 billion Hong Kong dollars.
[Special Guest] Deng Shengxing: On the first Trade day of 2025, attention can be paid to domestic demand and electric Autos as well as related upstream industries.
Kingwo Financial News | The Hang Seng Index was closed all day on Wednesday (January 1) for the New Year holiday. On Tuesday (31), the New Year's Eve market was only open half a day, closing at 20,059, up 18 points or 0.1%. The total market turnover for the day was 74.5 billion yuan. The National Index rose 9 points or 0.1%, closing at 7,289. The Technology Index underperformed today, closing down 32 points or 0.7%, at 4,468; the leading Cryptocurrency, Bitcoin, has performed outstandingly this year, with related ETFs showing significant gains, among which Samsung Bitcoin (03135) has risen by 93% this year; after several days of decline, POP MART (09992), the 'Blind Box stock', rebounded by 4.1% today.
Honk Kong stocks closed (12.31) | The Hang Seng Index rose by 0.09% to hold steady above the 20,000 mark, ending the "four consecutive declines" with a total annual increase of over 17%.
On the last trading day of the Large Cap, the three major Indexes showed a divergence in trends, with the Hang Seng Index continuing to firmly hold above the 20,000 mark, while the Hang Seng Tech Index showed weak performance.
Hong Kong stocks movement | POP MART (09992) rose over 4% in early trading. The company benefits from the new gifting feature on WeChat. Citi stated that the company is expected to expand into the IP commercialization field.
POP MART (09992) rose over 4% in early trading, and as of the report, it is up 2.9%, at 88.6 HKD, with a trading volume of 0.319 billion HKD.
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