Group 1 - Citi has raised the target price for Pop Mart (09992.HK) to HKD 308, citing the increasing global recognition of its iconic IP [1] - The company has successfully launched new products, which are expected to serve as short-term catalysts for growth [1] - Citi believes that Pop Mart's diversified IP strategy will lay a foundation for long-term sustainable growth [1] Group 2 - The earnings forecast for Pop Mart has been increased by 38% to 49% for the years 2025 to 2027 [1] - The net profit for the current and next year is projected to grow by 124% and 40% year-on-year, respectively [1] - The firm maintains a buy rating for the company [1]