news flash·2025-07-22 04:18Core Viewpoint - Nomura's report highlights that the recent interview of Pop Mart's chairman Wang Ning adds a favorable factor for the company, indicating potential recognition from regulatory bodies regarding its high-value IP and cultural export model [1] Group 1: Company Insights - The interview suggests that Pop Mart's high-end pricing capability driven by IP aligns with China's shift from low-value manufacturing to high-end and cultural exports, positioning the company as a flagship for overseas growth [1] - Wang Ning anticipates that Labubu's monthly sales will stabilize at 10 million units starting September this year, which could significantly boost revenue from "THE MONSTERS" to between 7 billion and 8.1 billion RMB in the second half of the year [1] Group 2: Market Outlook - Nomura maintains a "Buy" rating and a target price of 330 HKD for Pop Mart, reflecting confidence in the company's growth trajectory and profitability visibility for the second half of 2025 [1]