
UBS expects that the catalyst for POP MART will be released, rating it as "Buy"
UBS released a report stating that the stock price of POP MART (09992.HK) has fallen about 15% from its historical high in August. The bank remains optimistic about the company's prospects, as the popularity of the "Starry People" series continues to rise, and the "Labubu" series has shown signs of price stabilization in the second-hand market after an initial supply-driven price decline.
The bank expects that upcoming catalysts such as the third-quarter sales data update, Christmas-themed product launches, and new animated releases will soon be released. With the improvement in the accuracy of high-frequency data such as credit card spending tracking, it is anticipated that this will drive a rebound in stock price momentum. The bank maintains a "Buy" rating on POP MART, with a target price of 432 yuan

