--- title: "POP MART Stock in Hong Kong rises 10%, due to net profit has increased 90.1% in the first half of 2024" description: "POP MART stock in Hong Kong rose 10% after a 90.1% increase in net profit for H1 2024. The company, focused on pop toys, is experiencing strong growth, with earnings expected to rise by 28.52% annuall" type: "news" locale: "en" url: "https://longbridge.com/en/news/212106923.md" published_at: "2024-08-21T03:22:24.000Z" --- # POP MART Stock in Hong Kong rises 10%, due to net profit has increased 90.1% in the first half of 2024 > POP MART stock in Hong Kong rose 10% after a 90.1% increase in net profit for H1 2024. The company, focused on pop toys, is experiencing strong growth, with earnings expected to rise by 28.52% annually. Despite the recent surge, shares are priced 64.8% below estimated fair value, presenting an investment opportunity. With robust financial health and no detected risks, Pop Mart is well-positioned for continued growth, especially in a competitive market. POP MART Stock in Hong Kong rises 10%, due to net profit has increased 90.1% in the first half of 2024 Pop Mart International Group Limited (HKG: 9992), an investment holding company specializing in the design, development, and sale of pop toys in the People's Republic of China and internationally, reported a substantial increase in net profit for the first half of 2024. The company's net profit surged by 90.1% year-over-year, driving a significant 10% rise in the stock price \[1\]. The impressive financial performance is a testament to Pop Mart's successful execution of its growth strategies. According to the company's latest financial report, earnings are expected to grow by 28.52% per year \[1\]. This growth trajectory, combined with the company's solid financial health and future growth prospects, positions Pop Mart as an attractive investment opportunity. Despite the recent price increase, Pop Mart's stock is still trading at a discount to its estimated fair value. With a current share price of HK$41.85, the stock is 64.8% below the estimated fair value \[1\]. This disparity between the stock price and the company's fundamentals presents an opportunity for investors. Moreover, Pop Mart's financial health remains strong. The company reported earnings growth of 127.5% over the past year, demonstrating its ability to generate revenue and profit growth \[1\]. Additionally, no risks have been detected for Pop Mart from the company's risk checks, further supporting its investment potential \[1\]. Looking ahead, Pop Mart's competitors, such as Chow Tai Fook Jewellery Group, Luk Fook Holdings, Sa Sa International Holdings, and Oriental Watch Holdings, are also experiencing growth and success in their respective markets. However, Pop Mart's focus on the lucrative and growing market for pop toys gives it a unique advantage, positioning the company for continued growth and success \[1\]. In conclusion, Pop Mart International Group Limited's impressive first-half financial performance, strong growth prospects, and attractive valuation make it an interesting investment opportunity for those seeking exposure to the retail and consumer goods sector. References: \[1\] SimplyWall.St. (2024, August 9). Pop Mart International Group Limited (HKG:9992) Stock Overview, News & Discussion. Retrieved from https://simplywall.st/stocks/hk/retail/hkg-9992/pop-mart-international-group-shares ### Related Stocks - [09992.HK - POP MART](https://longbridge.com/en/quote/09992.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Pop Mart meldet weltweiten Absatz von über 400 Millionen Einheiten im Jahr 2025 | Pop Mart International Group Ltd. announced that its total global sales in 2025 exceeded 400 million units across all IP | [Link](https://longbridge.com/en/news/275329932.md) | | Pop Mart International Posts 2025 Group's Total Sales | Pop Mart International Group Ltd :IN 2025, GROUP'S TOTAL SALES ACROSS ALL IPS AND ALL PRODUCT CATEGORIES EXCEEDED 400 MI | [Link](https://longbridge.com/en/news/275334888.md) | | Towa Pharmaceutical (TSE:4553) Margin Firmness Reinforces Defensive Earnings Narrative In Q3 2026 | Towa Pharmaceutical (TSE:4553) reported solid Q3 2026 results with revenue of ¥73.6b and net income of ¥8.9b, reflecting | [Link](https://longbridge.com/en/news/275991027.md) | | Elon Musk Says Tesla Will Have 'Largest Fleet' Of Autonomous Vehicles As Far Into The Future As He Can Imagine | Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), announced that he envisions Tesla having the largest fleet of autonomous veh | [Link](https://longbridge.com/en/news/276007509.md) | | Pop Mart’s Space Molly Is First Art Toy to Take Round-Trip Flight to Space | Pop Mart's Space Molly doll has made history as the first art toy to complete a round-trip journey to space, launched fr | [Link](https://longbridge.com/en/news/275074673.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.