Core Viewpoint - Pop Mart (09992) has seen a significant increase in stock price, rising over 3% amid reports of its popular collectible figure Labubu rapidly gaining traction in the Middle East market, transforming from a niche collectible to a cultural and commercial phenomenon [1] Group 1: Market Performance - Pop Mart's stock rose by 3.21%, reaching 251 HKD, with a trading volume of 1.345 billion HKD [1] - The collectible figure Labubu is priced between 99 to 399 Saudi Riyals (approximately 26 to 107 USD) on Saudi e-commerce platforms [1] Group 2: Industry Insights - Vijay Valecha, Chief Investment Officer at Century Financial, noted that consumer behavior is becoming increasingly emotional amid global uncertainties [1] - DBS Bank's report highlights Pop Mart's robust mid-term outlook due to its diversified product portfolio, scalability, and innovative business model, projecting revenue and profit growth of over 140% and 180% respectively for the year [1] Group 3: Growth Projections - Notable IPs like Pokemon and Hello Kitty have achieved cumulative global sales between 50 billion to 150 billion USD, with continued growth [1] - The bank anticipates that by 2025, overseas sales will account for over 50% of Pop Mart's total sales, driven by the increasing influence of pop culture [1] - Revenue and profit compound annual growth rates are expected to reach 81% and 99% respectively from 2024 to 2026 [1]

Core Viewpoint - Bubble Mart (09992) is experiencing a significant increase in stock price, attributed to the rapid growth of its collectible toy Labubu in the Middle East market, particularly Saudi Arabia, where it is transforming from a niche collectible to a cultural and commercial phenomenon [1] Group 1: Market Performance - Bubble Mart's stock rose over 3%, specifically 3.21%, reaching 251 HKD with a trading volume of 1.345 billion HKD [1] - The collectible toy Labubu is sold through blind boxes on Saudi e-commerce platforms, priced between 99 to 399 Saudi Riyals (approximately 26 to 107 USD) [1] Group 2: Financial Projections - DBS Bank's report anticipates Bubble Mart's revenue and profit to grow by over 140% and 180% respectively this year, driven by a diversified product portfolio and innovative business model [1] - The cumulative global sales of well-known IPs like Pokemon and Hello Kitty have surpassed 50 billion to 150 billion USD, indicating a strong market for collectibles [1] - The bank projects that by 2025, overseas sales will account for over 50% of Bubble Mart's total sales, with a compound annual growth rate (CAGR) of 81% for revenue and 99% for profit from 2024 to 2026 [1]

Group 1 - The core viewpoint of the article highlights the rapid growth of the Labubu collectible figures from China in the Saudi and Middle Eastern markets, transforming from niche collectibles to commercially valuable cultural symbols [1] - Bubble Mart's stock rose over 3%, reaching 251 HKD with a trading volume of 1.345 billion HKD, indicating strong market interest [1] - The pricing of Labubu figures on Saudi e-commerce platforms ranges from 99 to 399 Saudi Riyals (approximately 26 to 107 USD), showcasing their accessibility and appeal [1] Group 2 - According to DBS Bank's report, Bubble Mart is expected to see revenue and profit growth of over 140% and 180% respectively this year, driven by a diversified product portfolio and innovative business models [1] - Notable intellectual properties like Pokemon and Hello Kitty have achieved cumulative global sales between 50 billion to 150 billion USD, indicating a strong market for collectible figures [1] - The bank anticipates that by 2025, overseas sales will account for over 50% of Bubble Mart's revenue, reflecting its rapid international expansion and multi-channel development [1] - The expected compound annual growth rates for revenue and profit from 2024 to 2026 are projected at 81% and 99% respectively, fueled by the growing influence of pop culture [1]

Core Viewpoint - The report from DBS indicates that Pop Mart (09992) is expected to see revenue and profit growth of over 140% and 180% respectively this year, driven by strong demand for its proprietary IPs like Labubu and Molly [1] Group 1: Financial Projections - The company is projected to achieve a compound annual growth rate (CAGR) of 81% in revenue and 99% in profit from 2024 to 2026 [1] - The target price set by DBS for Pop Mart is HKD 312, reflecting a bullish outlook based on the company's cultural influence and stable mid-term prospects [1] Group 2: Market Position and Strategy - The stock price trajectory of Pop Mart may depend on its ability to transform core IPs into sustainable cultural icons [1] - The company is expected to mitigate short-term risks through a diversified product portfolio, scaling, and innovative business models [1] Group 3: Industry Context - Notable IPs like Pokemon and Hello Kitty have achieved cumulative global sales exceeding USD 50 billion to 150 billion, indicating a growing market for cultural products [1] - Pop Mart's rapid expansion into international markets and omnichannel development is anticipated to push overseas sales to over 50% by 2025 [1]

Core Viewpoint - DBS has released a report indicating that Pop Mart (09992) is driven by strong demand for its proprietary IPs such as Labubu and Molly, with expected revenue and profit growth of over 140% and 180% respectively this year [1] Group 1: Financial Projections - The company is projected to achieve a compound annual growth rate (CAGR) of 81% in revenue and 99% in profit from 2024 to 2026 [1] - The target price set by DBS for Pop Mart is HKD 312 [1] Group 2: Market Position and Strategy - The stock price trajectory of Pop Mart may depend on its ability to transform core IPs into sustainable cultural icons [1] - The company is expected to build a robust mid-term outlook through a diversified product portfolio, scaling, and innovative business models to offset short-term risks [1] Group 3: Industry Context - Notable IPs like Pokemon and Hello Kitty have achieved cumulative global sales exceeding USD 50 billion to USD 150 billion, with continued growth [1] - Pop Mart's rapid expansion into international markets and omnichannel development is anticipated to push overseas sales to account for over 50% by 2025 [1]

Core Viewpoint - The report from DBS indicates that Pop Mart is expected to see revenue and profit growth of over 140% and 180% respectively this year, driven by strong demand for its proprietary IPs like Labubu and Molly [1] Group 1: Financial Performance - The company is projected to achieve a revenue and profit compound annual growth rate (CAGR) of 81% and 99% respectively from 2024 to 2026 [1] - The target price set for Pop Mart is HKD 312, reflecting a bullish outlook based on its growth potential [1] Group 2: Market Expansion - Pop Mart's rapid international market expansion and omnichannel development are expected to drive overseas sales to exceed 50% by 2025 [1] - The company benefits from a diversified product portfolio and innovative business model, contributing to a robust mid-term outlook [1] Group 3: Industry Context - Notable IPs such as Pokemon and Hello Kitty have achieved cumulative global sales exceeding USD 50 billion to 150 billion, indicating a strong market for collectible toys [1]

格隆汇8月4日｜据《福布斯》，泡泡玛特旗下热门IP Labubu与鞋履品牌Vans于2023年推出的一款联名 手办公仔，近日于拍卖平台eBay上以约1.05万美元售出，预料成为二手市场上最高价的Labubu公仔之 一，较原价85美元升值约124倍。报道引述专业估价师指，若Labubu热潮持续，预料未来几年可变成备 受市场追捧的收藏品，早期产品更将具有较强保值能力。 (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Core Viewpoint - The article highlights the booming popularity of Pop Mart's products, particularly the LABUBU series, which has led to significant supply challenges and the emergence of a secondary market driven by scalpers and counterfeit goods [1][2][3][4][5][9]. Group 1: Market Demand and Sales Dynamics - The summer season has seen a surge in customer traffic at Pop Mart stores, particularly among students, leading to increased spending by parents [2]. - LABUBU products are not directly available for purchase in stores, requiring customers to participate in online flash sales, which have proven extremely competitive [2][3]. - The online limited release model has facilitated the rise of scalpers, who quickly buy up stock and resell it at a premium in various online communities [3][4]. Group 2: Scalper and Counterfeit Issues - The scalper market has become a significant issue, with dedicated groups forming to share information on product restocks, often leading to rapid resales at inflated prices [3][4]. - A gray market has emerged where individuals charge fees for access to real-time restock notifications, often employing deceptive practices [3]. - Counterfeit products are rampant, with some sellers openly advertising fake goods, while others create convincing replicas that are sold as genuine [5][6]. Group 3: Company Performance and Valuation - Pop Mart's strong sales have resulted in explosive revenue growth, with a projected revenue increase of no less than 200% and net profit growth of at least 350% for the first half of 2025 [9]. - The company's stock price has seen significant appreciation, reaching a historical high of 283.4 HKD, with a market capitalization exceeding 380 billion HKD at its peak [9]. - Analysts express optimism about Pop Mart's long-term prospects, citing its robust retail business model and competitive advantages in the market [9][10]. Group 4: Future Challenges and Opportunities - Despite positive growth, the company faces potential volatility in stock prices due to the unpredictable nature of popular IP products [10][11]. - The company is encouraged to enhance its IP development capabilities to maintain its competitive edge and drive global expansion [10][11]. - Analysts predict strong future growth rates for sales and profits, driven by strong IP, store expansion, and improved productivity [11].

限量发售掀抢购潮 8月3日，由泡泡玛特主办的2025PTS北京国际潮流玩具展迎来收官，旗下LABUBU、MOLLY、星星人 等标志性IP悉数亮相，吸引众多观众驻足互动，现场气氛热烈，更有海外粉丝专程前来打卡，再次印证 了泡泡玛特作为中国潮玩领军品牌的全球影响力。 火爆背后，是泡泡玛特面临的产能挑战。泡泡玛特创始人王宁近日在接受央视采访时的一句调侃"我们 的缝纫机都踩冒烟了"，生动道出了当前产品供不应求的甜蜜烦恼。究竟有多火？为何如此紧俏？黄牛 如何搅局？假货问题何解？资本如何反应？带着种种疑问，证券时报记者展开了调查。 黄牛大行其道 眼下正值暑假，各大潮玩门店都迎来了学生客流高峰。有泡泡玛特门店工作人员向记者表示，店内暑假 人流会更旺一些，"如果是跟着家长来的，出手会更'阔绰'一些，家长一般都愿意花几十上百来满足孩 子的心愿"。 值得注意的是，作为泡泡玛特旗下"当红炸子鸡"的LABUBU，虽然被摆在"C位"，但在门店内并不能直 接购买。店员表示，消费者若想购买，需自行通过线上抢购，抢购成功后可到店取货。泡泡玛特于6月 中下旬起对LABUBU 3.0前方高能系列开启线上预售，泡泡玛特微信小程序、支付宝小程序、抖 ...

Core Insights - The LABUBU phenomenon has become a significant cultural symbol, contributing to Pop Mart's market capitalization exceeding HKD 300 billion, marking a new high since its IPO [1] - The Pop Mart City Park in Beijing has seen a surge in popularity, especially during the summer, attracting a diverse range of visitors [1] - The park features various interactive activities, including a stamp collection game, which has become a popular attraction among visitors [1] Group 1 - The park's merchandise offerings are diverse, with LABUBU-themed products being particularly popular among visitors [1] - The IP-themed dining options within the park, such as LABUBU-shaped waffles and creative ice creams, have also become a consumer hotspot [2] - The Pop Mart City Park, opened in September 2023, covers approximately 40,000 square meters, making it a lightweight urban theme park compared to larger competitors [2] Group 2 - The park is undergoing redesign and renovation, with two-thirds of the area being upgraded, yet visitor enthusiasm remains high [2] - Ticket prices have been adjusted, with weekday tickets reduced from 150 yuan to 88 yuan, and peak day tickets from 180 yuan to 118 yuan, which has been perceived as good value by visitors [2] - Pop Mart aims to continuously introduce new IP scenes and interactive projects, enhancing the emotional connection between fans and IPs while exploring broader development opportunities in the industry [3]