POP MART(HK:09992) Zhi Tong Cai Jing·2024-02-23 07:07Core Viewpoint - Pop Mart (09992) has shown strong performance in the stock market, with a price increase of over 6% during trading, closing at 20.2 HKD, with a transaction volume of 90.58 million HKD. The company opened its third offline store in Thailand, achieving a record single-day sales of over 5 million HKD, indicating robust growth potential in Southeast Asia [1][1][1]. Company Expansion - On February 9, Pop Mart opened its third offline store in Central Ladprao, Bangkok, Thailand, setting a new record for single-day sales at over 5 million HKD [1][1][1]. - The company plans to expand its strategic footprint beyond Singapore, Malaysia, and Thailand to include Vietnam, Indonesia, and the Philippines, targeting potential markets in Southeast Asia [1][1][1]. Market Performance - Guosen Securities maintains a "Buy" rating on Pop Mart, highlighting the company's recovery in domestic performance and growth potential in overseas markets [1][1][1]. - The company's leading IP continues to perform well, with a stable rhythm in new product launches, validating its capabilities in IP creation and operation [1][1][1]. - The overseas market for Pop Mart is experiencing rapid growth, becoming a new growth driver for the company [1][1][1].