Lates News

Citigroup's report stated that Pop Mart will continue to benefit from its IP incubation and operation. The long-term debate on the sustainability of the popularity of "Labubu" is expected to be answered by the strong performance that the company continues to demonstrate in new product releases. With the mini "Labubu" set to debut for the first time this week, Citigroup expects this to further ignite the popularity of this IP globally. In the long run, Citigroup expects that the commercial value of "Labubu" will have the opportunity to extend beyond the realm of collectibles. Citigroup maintains a buy rating and has raised the stock's target price from HK$384.50 to HK$398.00.