Ge Long Hui·2025-08-04 02:24Core 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]