Pop Mart Rockets 600%, Riding Labubu Hype and Overseas Sales

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Pop Mart International Group Ltd has shown remarkable growth, driven by the popularity of its Labubu collectibles and strategic IP collaborations.

The stock has surged nearly 600% over the past year, supported by strong overseas revenue growth (183% YoY) and celebrity endorsements. However, regulatory risks from China's potential crackdown on blind-box toys pose short-term volatility.

HSBC raised its target price to HK$331.5, citing robust sales potential, while Morgan Stanley removed it from its focus list.

The company's cultural initiatives, like the DIMOO-themed aircraft, highlight its cross-cultural appeal, making it a high-growth but high-risk play.

Might be worth a look.

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