In a July 16 note, CGSI analysts Charlotte Zhou, Lei Yan and Aaron He say they “underestimated” Pop Mart’s intellectual property (IP) growth potential, and the 1HFY2025 results are likely to beat their expectations.
Analysts from Morningstar Equity Research and CGS International (CGSI) have upgraded their target prices on Hong Kong-listed toy-maker Pop Mart International after a July 15 positive profit alert that revenue for 1HFY2025 ended June 30 should increase by more than 200% y-o-y to RMB13.7 billion ($2.45 billion).
Meanwhile, Pop Mart expects adjusted net profit excluding unaccounted profit or loss from changes in the fair value of financial instruments to increase by no less than 350% y-o-y.
