Pop Mart's 200% stock rally spurs rush to hike price targets
WALL Street analysts are rushing to raise price targets on Pop Mart International Group Ltd. following the success of its Labubu dolls.
At least five brokerages, including Deutsche Bank AG and Morgan Stanley, have lifted projections on the Hong Kong-listed stock this week. Citigroup Inc. hiked its price target by 90% to a street high of HK$308 apiece, citing the growing influence of the company's intellectual properties globally.
Pop Mart shares rose as much as 3.5% on Friday, extending their year-to-date climb to around 200%, before erasing those gains midday. Earlier this week, the stock touched a fresh record high.
The growing popularity of Pop Mart's toothy monster dolls is boosting sales prospects for the firm. THE MONSTERS blind-box series, with Labubu at its center, generated more than 3 billion yuan in sales for Pop Mart last year, accounting for almost one-fourth of the company's revenue.
Pop Mart is trading above the 12-month average analyst price target tracked by Bloomberg and the rally has pushed shares to overbought territory. While valuations at 45 times forward earnings have topped that for peers like Sanrio Co. and Walt Disney Co., some analysts are optimistic that shares can continue to rise after tripling so far this year.
The stock is the best performer on the MSCI China Index this year after making it among the biggest gainers on the gauge in 2024. –BLOOMBERG
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
11 hours ago
- Malay Mail
Announcement of the Launch of New ixCrypto Fixing EOD Index
Index Full Name IX Asia Indexes Official Index Code Bloomberg Code Bloomberg Code (delayed) Nasdaq Code ixCrypto Index IXCI IXCI IXCI2 .IXCI ixBitcoin Index IXBI IXCBI IXCBI2 .IXBI ixEthereum Index IXEI IXCEI IXCEI2 .IXEI ixBitcoin Spot Price Index IXBTC IXBTC IXBTC2 -- ixEthereum Spot Price Index IXETH IXETH IXETH2 -- Currency Currency Code Timezone Code Market Closing EOD Time (Local Timezone)* Fixing Time using EOD prices (Local Timezone)** Fixing Time using EOD prices (HKT) Hong Kong Dollars HKD HKT 16:00 16:15 16:15 Japanese Yen JPY JST 15:00 15:15 14:15 Korean Won KRW KST 15:30 15:45 14:45 Taiwan Dollar TWD TST 13:30 13:45 13:45 Vietnamese Dong VND ICT 15:00 15:15 16:15 Indian Rupees INR IST 15:30 15:45 18:15 Indonesian Rupiah IDR WIB 16:00 16:15 17:15 Australian Dollar AUD AUST 16:00 16:15 14:15 UAE Dirham AED GST 15:00 15:15 19:15 Thai Bhat THB ICT 16:30 16:45 17:45 Singapore Dollar SGD SGT 17:00 17:15 17:15 Euro EUR CEST 17:30 17:45 23:45 Great Britain Pound GBP GMT 16:30 16:45 00:45 United States Dollar USD ET 16:00 16:15 04:15 The issuer is solely responsible for the content of this announcement. About IX Asia Indexes and IX Index Advisory Committee IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24x7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index ("IXCI") launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures product, mark to market and fund managers' portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis. IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes has also been named among the 2024 China Brand Innovation Top 100 (Financial Innovation Category) at the Asian Brand Economic Summit (ABEC Beijing 2025). IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification. Website: Advisory Committee: About IX Crypto Indexes The ixCrypto index ("IXCI") is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24x7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services and Bloomberg terminal on IXCI . For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers "IXCI", "IXBI", "IXEI", with dissemination interval kept at 15-second unchanged.
Free Malaysia Today
11 hours ago
- Free Malaysia Today
Hong Kong stocks edge down as investors eye funding conditions
Hong Kong benchmark Hang Seng was down 0.1%. (EPA Images pic) SHANGHAI : Hong Kong shares were slightly down today, as investors assessed the potential for tighter cash supplies and monitored tensions in the Middle East for a likely hit to sentiment. China stocks were mixed. China's blue-chip CSI300 Index was down 0.2% by the lunch break, while the Shanghai Composite Index gained 0.2%. Hong Kong benchmark Hang Seng was down 0.1%. The Hong Kong dollar slipped to 7.85 per US dollar today, hitting the weak end of its trading band for the second time since May 2023. The move may prompt the Hong Kong Monetary Authority to drain liquidity from the banking system to support the currency. 'Hong Kong market liquidity is unlikely to ease further and may even tighten as Hong Kong Interbank Offered Rates (HIBOR) have likely bottomed out and southbound inflows have slowed,' said Kevin Liu, strategist at China International Capital Corporation (CICC). The overnight HIBOR, a key barometer of liquidity, hovered near a record low at 0.01777%. 'Short-term liquidity tightening, uncertainties surrounding tariff negotiations, weakening economic data, and delays in policy support could all contribute to increased market volatility,' Liu said. Risk sentiment was further limited as global investors waited to see if Iran would retaliate against US attacks on its nuclear sites, with resulting risks to global activity and inflation. China's Coal Index rose 1.3%. Maritime shipping and port shares broadly rose, with Nangjing Port up to 10%. Hua Hong Semi listed in Hong Kong jumped 7%, after media reported that the US government weighs additional restrictions on China, including revoking waivers that allow global chip makers to access American technology in China.
Malay Mail
12 hours ago
- Malay Mail
HKICPA renews its Mutual Recognition Agreement with CPA Australia
The HKICPA and CPAA held an MRA extension signing ceremony. The MRA was signed by Margaret Chan, Chief Executive and Registrar of HKICPA (front left), and Rowena Buddee, Chief Member Experience Officer of CPAA (front right), under the witness of Edward Au, President of HKICPA (back left) and Karina Wong, Divisional President of Greater China of CPAA (back right). HONG KONG SAR - Media OutReach Newswire - 23 June 2025 - The Hong Kong Institute of Certified Public Accountants (HKICPA) is delighted to announce its renewal of Mutual Recognition Agreement (MRA) with CPA Australia (CPAA). Based on the new MRA, the HKICPA will continue to join hands with peer accounting professional body to cultivate top-tier talents for the accounting profession and foster its HKICPA has held MRA with CPAA since 2000, which widened the development opportunities for accounting professionals in Hong Kong. The new 5-year MRA between HKICPA and CPAA continues to enhance the professional development mobility of their members. HKICPA members completing the Qualification Programme (QP) of the HKICPA and having at least three years of relevant practical experience in accountancy, may apply for CPAA membership through the MRA. On the other hand, CPAA members completing CPAA's CPA Program and having at least three years of relevant practical experience in accountancy, may apply for HKICPA membership after completing the Institute's Aptitude Test in Hong Kong Taxation and the Capstone of the addition, the new MRA has been enhanced in several aspects to ease the path for members of both professional bodies to gain professional qualifications offered by the HKICPA and CPAA. These enhancements include extending the eligibility for HKICPA membership by relaxing the geographical limitation on the origin of undergraduate degrees obtained by CPAA members, and removing the geographical restrictions on their completion of CPAA's CPA Program. The HKICPA believes that the enhanced MRA would attract more overseas accounting talents to seek qualification as HKICPA members and work in Hong Kong. Meanwhile, the geographical restriction on the completion of the QP by HKICPA members seeking CPAA membership has also been last Friday (20 June), the HKICPA and CPAA held an MRA extension signing ceremony. The MRA was signed by Margaret Chan, Chief Executive and Registrar of HKICPA, and Rowena Buddee, Chief Member Experience Officer of CPAA, under the witness of Edward Au, President of HKICPA and Karina Wong, Divisional President of Greater China of President Edward Au said, "We are delighted to continue our collaboration with CPAA, which reflects our commitment to nurturing high-quality professional talent for Hong Kong's accounting industry and advancing the development of the profession. This mutual recognition agreement provides our members with greater professional mobility and further supports them in achieving their professional goals. The HKICPA will continue to work hand in hand with professional accounting organizations to contribute to solidifying Hong Kong's position as an international financial center."CPAA's Divisional President of Greater China Karina Wong said, "The MRA provides members of both professional bodies a streamlined pathway to take up each other's designation and further improve their career opportunities. Renewing this agreement for a fifth time also allows both organisations to continue delivering high-quality education programs that strengthen the technical capabilities of accounting, business and finance professionals all around the world. Forming and strengthening positive, collaborative relationships with professional accounting bodies is a priority for CPA Australia and we thank the Hong Kong Institute of Certified Public Accountants for many years of mutually beneficial commitment."As one of the founding members of the Global Accounting Alliance (GAA), HKICPA has consistently engaged in exchanges with international accounting professions, and remains committed to upholding the international recognition of its membership. Including CPAA, the HKICPA holds mutual membership recognition agreements or mutual examination papers exemption agreements with 11 accounting bodies in the Mainland and overseas. In the future, the HKICPA will continue to expand its global network, explore potential collaborations with more overseas accounting bodies to facilitate exchanges and opportunities for new mutual recognition agreements for #HKICPA The issuer is solely responsible for the content of this announcement. Hong Kong Institute of Certified Public Accountants The Hong Kong Institute of Certified Public Accountants ("HKICPA") is the statutory body established by the Professional Accountants Ordinance responsible for the professional training and development of certified public accountants in Hong Kong. The Institute is also a standard setter of the local accounting industry. The Institute has over 47,000 members and about 12,000 registered students. Our Qualification Programme assures the quality of entry into the profession, and we promulgate financial reporting, auditing, ethical and sustainability disclosure standards that safeguard Hong Kong's leadership as an international financial centre. The CPA designation is a top qualification recognised globally. The Institute is a member of and actively contributes to the work of the Global Accounting Alliance and International Federation of Accountants.
