HK Stock Market Move | POP MART(09992) rose nearly 5% with impressive sales performance on Double 11, exceeding market expectations in the third quarter.

POP MART (09992) rose by nearly 5%, reaching an increase of 4.82% at the time of publication, with a price of 75 Hong Kong dollars and a turnover of 484 million Hong Kong dollars. On the news front, according to the Fast Moving Consumer Goods website, this year's Double 11 Carnival on Douyin Mall has ended successfully, with impressive results. In the toy and musical instrument category, POP MART is leading in the toy and musical instrument category, as well as in the anime/peripherals/cosplay/board games sub-category, with sales ranging from 1 billion to 2.5 billion. Open source securities point out that during the transition period of economic growth, there is a resonance in self-pleasure spiritual demands, and the world is moving towards a new era of adult toys, popularized categories, and upgrading of female demand. The strong performance of the toy industry leader in the first three quarters of 2024 verifies the market's prosperity. In the third quarter of this year, POP MART's revenue increased by 120%-125% year-on-year, with a 55%-60% increase in mainland China, and a 440%-445% increase in Hong Kong, Macao, Taiwan, and overseas revenue, far exceeding expectations. Fulai stated that POP MART has a strong product line, and the market has responded well to its new product launches. Fulai predicts that fourth-quarter sales could increase by 116%.