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POP MART Spikes 5%+ after Midday; BOCI Foresees Shr Buyback to Restore Mkt Confidence
Recommend 8 Positive 21 Negative 10 |
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POP MART (09992.HK) opened 1.65% higher today, peaking at HK$207. With gains widened to 5.25% in the afternoon, it last traded at HK$204.8, with a turnover of 14.4109 million shares, amounting to HK$2.88 billion. A research report from BOCI stated that Pop Mart's share price has been under pressure since the end of 2025 given market concerns about the waning popularity and slowing growth of Labubu. However, the broker believed the market is overreacting, and the share buyback program initiated by the company on January 19, 2026 should restore market confidence. The report also expected Labubu to remain a core pillar of the company's sales in 2026 with the launch of new products. Overseas expansion is diversified and continues to be strong. The broker reiterated its Buy rating for Pop Mart with target price cut from HKD405.6 to HKD291.9. AAStocks Financial News |
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