HK Stock Market Move | BLOKS(00325) rises by over 10%; the company's IP matrix is upgraded again, and institutions are optimistic about its new growth cycle.

BLOKS (00325) rose more than 10%, at the time of publication, it rose by 10.34% to HK$64, with a turnover of HK$50.4057 million. On the news front, recently, BLOKS exhibited more than 300 products in over 10 product series including the Star Edition, Star Edition, Transcend Edition, Legend Edition, Miracle Edition, Nature Collection, and Qiyu Record at the 2026 Thailand Toy Fair, including "Building Blocks Cars" and "Building Blocks People" two major categories. In addition, the Saint Seiya and DC2 IP series welcomed their first exhibition. Guoyuan International believes that as a new core category, Building Blocks Cars are committed to becoming the company's second major pillar after Building Blocks People. The bank expects the company to continue its successful business model in the Building Blocks Cars category, greatly enhance the company's product market competitiveness through deep integration with top IP and Building Blocks Cars category, consolidate existing advantages and open up a new growth cycle. Western stated that looking ahead to 2026, the growth theme is clear: the overseas market is expected to continue its high growth based on the existing layout and new IPs; Building Blocks Cars have shown potential since going public, and in 2026, the company will focus on the scale-up of the C series, E series, and S series three differentiated product lines, and simultaneously promote global layout; the proportion of products for ages 16 and older may continue to increase. In terms of profitability, as new products complete the margin climb and the continuous release of scale effects, the gross profit margin is expected to gradually recover. The company is accelerating towards a synergistic growth model of multiple IPs, multiple price points, and globalization.