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<Research>JPM Upgrades POP MART (09992.HK) to Overweight, Raises TP to $320
Recommend 14 Positive 27 Negative 8 |
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POP MART (09992.HK) opened 2.05% higher this morning (16th), and peaked at $291.4 in the early session, hitting an over-1-month high. It last mushroomed 6.08% to $289.6, with a turnover of $3.821 billion. JPMorgan released a research report upgrading POP MART from Neutral to Overweight, and raising its target price from $300 to $320. JPMorgan noted that, since reaching a recent peak on 26 August, the Company's stock price has fallen approx. 24% in total, while the HSI has risen about 7% over the same period. The broker believed that this implies that investors lowered their forecasts for the Company and adopted a more conservative stance. After raising its 2025-2027 earnings forecasts by 5-7%, JPMorgan projected POP MART's sales/ adjusted earnings to increase by 165%/ 276% YoY in 2025, and by 28%/ 29% YoY in 2026. AASTOCKS Financial News Website: www.aastocks.com |
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