Repurchase New Engine: How Much Can POP MART Rebound? | Tang Niu
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POP MART (9992) suddenly announced a share buyback when its stock price approached an 8-month low, with a price range between HKD 177.7 and HKD 181.2, involving a total of HKD 250 million. This is the first buyback in two years, resulting in a 9% increase in stock price on the same day, closing at HKD 197.2. Morgan Stanley expects the buyback to attract more investor attention, especially from those waiting for stock price catalysts. The key to the rebound lies in the sustainability of the buyback; if it cannot be maintained, the upward momentum of the stock price will weaken. The short-term resistance level is at HKD 208
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