Jingjue Pei, an analyst from Jefferies, maintained the Buy rating on Bloks Group Limited (0325 – Research Report). The associated price target is HK$140.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Jingjue Pei’s rating is based on the promising growth potential of the anime and IP character toy market in China, which presents a unique opportunity for companies like Bloks Group Limited to thrive despite broader economic challenges. The analyst highlights that the increasing popularity of anime as a genre in streaming services is a key driver for this market expansion, providing a favorable environment for Bloks to capitalize on.
Furthermore, Bloks Group is strategically positioned to benefit from this trend due to its value proposition and alignment with the rising demand for anime-related products. Jingjue Pei anticipates that the company will leverage these market dynamics effectively, justifying the Buy rating as Bloks is expected to outperform in this niche sector.