Zhi Tong Cai Jing·2025-08-18 04:08Core Viewpoint - Pop Mart (09992) is experiencing a nearly 5% increase in stock price, currently at 284.2 HKD, with a trading volume of 1.489 billion HKD, ahead of its mid-year earnings report [1] Financial Performance - The company anticipates a revenue increase of no less than 200% year-on-year for the first half of the year [1] - Expected profit growth is projected to be no less than 350% year-on-year [1] Market Potential - Morgan Stanley suggests that Pop Mart's platform value may be underestimated, highlighting that the company currently sells products in four regions [1] - The primary source of the company's proprietary IP is from Greater China, with exceptions being Crybaby from Thailand and Peach Riot from the United States [1] - There is significant potential for Pop Mart to explore rich artistic resources in the United States, Europe, Japan, and Southeast Asia [1] - The firm expects that over the next 3-5 years, Pop Mart's IP and product portfolio will become more culturally diverse [1]