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<Research>Nomura Reiterates POP MART as Industry Top Pick w/ TP Lifted to HKD330, Rating Buy
Recommend 14 Positive 42 Negative 12 |
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According to Nomura's research report, POP MART (09992.HK) has issued a positive profit alert predicting its interim revenue/ adjusted earnings to grow by 2 times plus/ 3.5 times YoY. In Nomura's estimate, POP MART's adjusted net profit attributable to shareholders for 1H25 will reach RMB4.3 billion, exceeding the market's already high expectation of over RMB4 billion. It is also expected that POP MART's management will release a more positive business outlook and guidance during the interim results announcement based on the company's solid business fundamentals. Nomura raised its target price for POP MART from HKD291 to HKD330 and reiterated the Buy rating. It also kept the company as its top pick in China's consumer sector. AAStocks Financial News |
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