Beijing-based firm attributes first-half growth to the increased global recognition of the Pop Mart brand and its intellectual properties
The company attributed its first-half growth to “the increased global recognition of the Pop Mart brand and its [intellectual properties], and diversified product categories”, noting that revenue from all regional markets rose “rapidly and continuously”.
Nomura on Wednesday lifted Pop Mart’s share-price estimate by 13 per cent to HK$330 from HK$291. The Japanese investment bank said in a report that the management would offer a positive business outlook in the interim earnings call and that the stock was its favourite consumer name.
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