HK Stock Market Move | POP MART (09992) rises by over 3% again. Its IP product sales rotation maintains momentum, with CICC believing it has the potential to turn blue.

POP MART (09992) rose by more than 3% again, rising by 3.11% by the time of reporting, reaching 87.8 Hong Kong dollars, with a turnover of 4.36 billion Hong Kong dollars. On the news front, POP MART CEO Wang Ning stated on January 15 while attending an event that by 2025, POP MART's overseas business may surpass 50%, exceeding domestic business, at a very rapid growth rate. Last year, POP MART opened stores at the Louvre, Oxford Street, and landmarks in Japan and South Korea. In the new year, flagship stores of POP MART may be seen in more places such as Times Square in New York and Fifth Avenue. Furthermore, after market close on February 21, Hang Seng Index Company will announce the results of the mid-year review of Hang Seng Index series. According to CICC's estimation, in terms of Hang Seng Index adjustments, POP MART and others are positioned to potentially be included as candidates for inclusion. Morgan Stanley research report pointed out that POP MART's sales in the Chinese market in the fourth quarter of last year accelerated compared to the previous quarter, while overseas markets continued to achieve rapid growth. Considering its global expansion strategy and the ongoing momentum in sales of IP products, it is believed that the recent stock price adjustment will provide investors with a good entry opportunity.