
UBS: POP MART's stock price correction creates a buying opportunity
UBS published a report stating that the stock price of POP MART (09992.HK) has fallen about 19% from its recent high. The bank believes this is mainly influenced by three factors, including profit-taking after being included in the Hang Seng Index, a softening of prices in the secondary market for some products, and a decline in Google global search trends. Notably, the bank has observed similar trends in the past, but these changes have not altered the optimistic outlook on POP MART's fundamentals.
UBS believes that the current price correction of POP MART is creating a buying opportunity for anticipated short-term catalysts, including the launch of Halloween new products and the 15th-anniversary series, as well as the key Christmas sales season. The bank reiterated its "Buy" rating with a target price of 432 yuan

