HK Stock Market Move | POP MART (09992) surged by over 4%. The CEO predicts that overseas business will account for over 50% of the company's revenue this year. The company's IP products continue to have strong sales momentum through rotation.

POP MART (09992) rose over 4%, as of press time, it rose by 4.16% to HKD 85.2, with a turnover of HKD 1.033 billion. On the news front, POP MART CEO Wang Ning stated on January 15 while attending an event that POP MART's overseas business in 2025 is likely to exceed 50%, surpassing its domestic business and experiencing very rapid growth. Last year, POP MART opened stores at the Louvre, Oxford Street, and in Japan and South Korea. In the new year, flagship stores of POP MART may be seen in more places such as Times Square and Fifth Avenue in New York. A recent research report by Morgan Stanley pointed out that POP MART's sales in the Chinese market in the fourth quarter of last year accelerated compared to the previous quarter, and overseas markets continued to achieve rapid growth. Considering its global expansion strategy and the dynamic sales of IP products, it is believed that the recent price adjustment will provide investors with a good entry opportunity. POP MART is given a "buy" recommendation with a target price of HKD 113.