Daiwa: Raises Pinduoduo (09992.HK) target price to HK$382, rating: "Buy"

According to the Securities Times app, Morgan Stanley has released a research report stating that it has raised the target price of Pop Mart International (09992.HK) by 5%, from HK$365 to HK$382, due to a 15% increase in its net profit forecast for 2025. The implied target P/E ratio for 2026 remains unchanged at 32 times, with a rating of hold.