Jin Rong Jie·2025-08-04 06:01Core 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]