Ge Long Hui·2026-01-20 03:11Core Viewpoint - Pop Mart has conducted its first share buyback in nearly two years, leading to a significant increase in its stock price and positively impacting the Hong Kong market for new consumer stocks [1] Group 1: Company Performance - Pop Mart's stock price rose over 8%, leading the market, while other companies like Hu Shang Ayi and Blok also saw increases of over 7% and 4% respectively [1] - The company repurchased 1.4 million shares at prices ranging from HKD 177.7 to HKD 181.2, totaling over HKD 250 million, marking its first buyback in nearly two years [2] - Morgan Stanley noted that the buyback is expected to attract more investors, particularly those looking for stock price catalysts, and highlighted Pop Mart's strong growth and clear driving factors [3] Group 2: Financial Outlook - Morgan Stanley projects that Pop Mart's net profit will reach RMB 12.6 billion by 2025, supported by a net cash position of RMB 20 billion at the end of last year, indicating ample financial resources for shareholder returns [3] - The collaboration with Honor to launch the "trendy toy phone" and the release of the Honor 500 Pro Molly 20th Anniversary Limited Edition at a price of RMB 4,499, with a promotional price of RMB 3,999, is expected to further enhance brand visibility and sales [2]