CICC: Maintain Bubble Mart (09992.HK) target price at 330 Hong Kong dollars, rating "outperform industry"

According to the financial news app Zhitong Finance, Zhongjin issued a research report stating that it maintained its profit forecast for PopMart (09992.HK), with the current stock price corresponding to a P/E ratio of 33/26 times adjusted for 25/26 years. It maintains an outperform industry rating and a target price of 330 Hong Kong dollars, corresponding to a P/E ratio of 44/35 times adjusted for 25/26 years, with a 35% upside potential. The bank believes that PopMart's full-chain capabilities in IP exploration, product design, channel and user operations, as well as the management's philosophy of respecting time and operations, will help it navigate through the cycle. It is currently in a period of upward resonance in the dimensions of IP, categories, and regions, and continues to be optimistic about the company's long-term growth potential.