0416 GMT - Pop Mart International is poised to continue benefiting from fast-growing sales in its overseas markets, Jefferies analysts write in a note. The Chinese toy maker's sales jumped 165%-170% on year in 1Q, with sales in China climbing 95% to 100% and overseas sales soaring 475% to 480%, they note. That prompts Jefferies to raise its sales forecast for the company by 7% for 2025 and 9% each for 2026 and 2027. "Its continuous strong growth overseas, especially in non-U.S. markets, made us more positive on its overseas markets to achieve [13 billion yuan in] sales in 2025," the analysts say. Jefferies maintains the stock's buy rating and raises the target price to HK$203.00 from HK$184.00. Shares are at HK$175.30. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 00:16 ET (04:16 GMT)
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