0645 GMT - Pop Mart is likely to post higher net profit in 2025 than previously expected, HSBC analysts say in a research note. "We believe Pop Mart's fundamentals remain solid, supported by overseas expansion, product pipeline, and major IP-based campaign events in the rest of the year," the analysts say. The company's positive 1H profit alert confirmed margins are stronger than expected, driven by scale and robust overseas sales, they say. HSBC raises its 2025 net profit estimate by 14.5% to 8.6 billion yuan, and projects 2025 revenue to more than double. The bank maintain a buy rating on the stock but lowers the target price to HK$319.50 from HK$331.50. Shares are last at HK$245.80. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
July 24, 2025 02:45 ET (06:45 GMT)
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