Wei Dustin, an analyst from Morgan Stanley, maintained the Buy rating on Pop Mart International Group Limited. The associated price target remains the same with HK$365.00.
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Wei Dustin has given his Buy rating due to a combination of factors that highlight Pop Mart International Group Limited’s strong financial performance and strategic positioning. The company reported impressive growth in both sales and net profit for the first half of 2025, with net profit exceeding Morgan Stanley’s estimates by approximately 5%. This growth was driven by a significant increase in sales across various regions, particularly in the Americas and Europe, demonstrating the company’s successful global expansion.
Additionally, Pop Mart’s well-balanced intellectual property portfolio and strong operational management contribute to its positive outlook. The company’s ability to maintain high gross profit margins and operating profit margins, despite challenges such as tariffs and logistics costs, underscores its effective cost management and pricing strategies. Furthermore, the expansion of its direct-to-consumer e-commerce platform globally has bolstered its market presence, suggesting further growth potential. These factors collectively support Wei Dustin’s Buy rating for Pop Mart International Group Limited.
In another report released today, DBS also maintained a Buy rating on the stock with a HK$312.00 price target.