0310 GMT - Pop Mart's diversified product portfolio, scale and innovative business model could outweigh near-term risks, DBS analysts say in a research note. DBS notes Pop Mart's potential near-term headwinds--revenue concentration and transformation of its core intellectual properties, including Labubu, into sustainable cultural icons. "A single, long-lasting hit franchise can be monetized across all channels-collectibles, experiences, crossovers, licensing-for decades, generating massive, stable cash flow," they say. Pop Mart is expected to expand into cross-industry licensing, evolving into a universal lifestyle platform, DBS says, as it initiates a buy call on Pop Mart with a target price of HK$312.00. Shares are last 2.6% lower at HK$255.00.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
July 29, 2025 23:10 ET (03:10 GMT)
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