$POP MART.HK is on the move today, shooting up sharply after the company announced a major share repurchase. They spent HKD 251 million to buy back 1.4 million shares , their first significant buyback since early 2024. This move is seen as a strong signal of management's confidence.The timing is interesting. On the same day, they launched a cool collab with Honor for a limited-edition phone, keeping their brand in the spotlight. Analysts like Morgan Stanley note this could attract attention, especially given the company's substantial net cash position.IMHO, a buyback of this size after a long pause is a pretty clear message from the company. It suggests they believe the stock is undervalued after its decline. While challenges like inventory management remain, this cash-backed vote of confidence is a solid positive signal. One to watch.