Understanding the Market | POP MART rose over 4% in the afternoon, Citigroup stated that the IP product market has huge growth potential, and Morgan Stanley expects Q1 sales to double year-on-year
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POP MART's stock price rose more than 4% in the afternoon, closing at HKD 117, with a trading volume of HKD 932 million. Citigroup analysts believe that the Chinese IP product market has enormous growth potential and reiterated a "Buy" rating for POP MART, with a target price of HKD 120. Morgan Stanley expects POP MART's sales to double in the fiscal year 2024, raising the target price to HKD 135 and reiterating an "Overweight" rating, mainly due to upward adjustments in future profit forecasts
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