Xin Hua Cai Jing·2025-05-21 09:16Core Viewpoint - The stock price of Pop Mart, a leading player in the trendy toy sector, has reached a new high, with its market capitalization approaching HKD 300 billion, reflecting strong investor interest and growth potential in the sector [2][3]. Group 1: Company Performance - As of May 21, Pop Mart's stock price closed at HKD 216, with an intraday peak of HKD 220, marking a year-to-date increase of nearly 140% [2]. - The company is gaining popularity among young consumers, being referred to as the "Moutai of the youth" due to its strong market performance [2]. - The overall trend in the trendy toy sector is positive, with other companies like Blokus and Kayo also showing significant stock price increases of 167% and plans for IPOs, respectively [2]. Group 2: Fund Involvement - By the end of Q1, 208 funds held shares in Pop Mart, with a total of 68.75 million shares, indicating strong institutional interest [3]. - Notably, 31 funds increased their holdings in Pop Mart during Q1, showcasing ongoing confidence in the company's prospects [3]. - Specific funds such as Hu Xinhua's funds and others have made significant purchases, with holdings exceeding 300,000 shares [3]. Group 3: Market Trends and Caution - The number of public funds holding Pop Mart shares increased from 10 in Q1 2023 to 36 in Q1 2024, although total holdings decreased to 51.56 million shares [4]. - Fund managers express caution despite the growth potential in the new consumption sector, noting that while the companies have solid fundamentals, market volatility may be higher than expected [4][5]. - The shift in consumer trends from "pleasing others" to "self-satisfaction" is identified as a significant factor influencing current market dynamics [4].