{"id":1447,"date":"2025-10-23T11:02:15","date_gmt":"2025-10-23T03:02:15","guid":{"rendered":"https:\/\/cwamhk.com\/?p=1447"},"modified":"2025-10-23T11:11:29","modified_gmt":"2025-10-23T03:11:29","slug":"%e4%b8%ad%e9%87%91%ef%bc%9a%e7%b6%ad%e6%8c%81%e6%b3%a1%e6%b3%a1%e7%91%aa%e7%89%b9%e8%b7%91%e8%b4%8f%e8%a1%8c%e6%a5%ad%e8%a9%95%e7%b4%9a-%e4%b8%8a%e8%aa%bf%e4%bb%8a%e6%98%8e%e5%85%a9","status":"publish","type":"post","link":"https:\/\/cwamhk.com\/en\/archives\/1447","title":{"rendered":"CMSI Raises Profit Forecast for POP MART (09992.HK), Keeps Rating at Overweight"},"content":{"rendered":"
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POP MART announced its latest business condition for 3Q25, with overall revenue increasing by 245-250% YoY, CICC published a research report saying.\n\nThe growth rate further accelerated QoQ, with revenue from the Chinese\/ overseas market surging by 185-190%\/ 365-370% respectively, with both beating the expectations of the broker\/ market. This was mainly due to new launches in flagship product lines and accelerated growth in the European and American markets, along with faster release of production capacity.<\/p>\n\n\n\n

Considering the accelerated release of production capacity, acceleration expectation in the overseas market during peak season, CICC raised its 2025\/ 2026 tadjusted net profit forecasts for the Company by 20%\/ 21% to RMB13.2 billion\/ RMB17 billion respectively. The current stock price corresponds to an adjusted PE ratio of 23x\/ 18x for 2025\/ 2026.\n\nTherefore, the broker kept rating at Outperform, considering the lower valuation of the new consumption sector due to the shift in capital style, and kept its target price at $370, corresponding to adjusted PE ratios of 35x\/ 27x for 2025\/ 2026.<\/p>\n\n\n\n

Repost: AASTOCKS<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

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