CICC Cuts POP MART TP to HKD218 and Lowers Earnings Forecasts, Maintains Outperform Rating

AASTOCKS News
2026.05.15 06:33
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CICC has lowered its target price for POP MARTby 12% to HKD218 while maintaining an Outperform rating. The broker revised its 2026 and 2027 net profit forecasts down by 14% and 13%, respectively, due to ongoing operational adjustments. Despite this, POP MART's 1Q26 revenue is expected to grow 75% to 80% YoY, driven by strong product launches and capacity expansion, with China revenue projected to increase 100% to 105% YoY.