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<Research>Macquarie Elevates POP MART (09992.HK) TP by 101% to $223, Rating Outperform
Recommend 17 Positive 34 Negative 14 |
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POP MART (09992.HK)'s North American business will be the key to its growth this year, according to a research report released by Macquarie. Given the current momentum, the broker believed that the Group can achieve its revenue growth target of more than 50% this year. Macquarie raised its 2025/ 2026 net profit forecasts for POP MART by 38%/ 46% to reflect its much better-than-expected revenue and profit in 2024. The broker also lifted its valuation basis from a projected PE ratio of 25x to 34.5x for 2026, and elevated its target price for the Group by about 101% to $223, from the original $111, with rating kept at Outperform. AAStocks Financial News |
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