Core Viewpoint - Citic Lyon has raised the target price for Pop Mart (09992) by 6% from HKD 300 to HKD 318, maintaining an "outperform" rating [1] Group 1: Market Performance - The report highlights that Pop Mart showcased its commitment to building a compatible IP platform at the Beijing Pop Toy Expo held in August [1] - There is strong demand observed for emerging IPs such as Twinkle Twinkle, Crybaby, and KeyA [1] Group 2: Sales Growth Projections - The company is expected to benefit from a year-on-year growth of 113% in the domestic market and 412% in overseas markets [1] - Sales are projected to increase by 202% year-on-year in the first half of 2025 [1]

Group 1 - Citic Securities raised the target price for Pop Mart (09992) by 6% from HKD 300 to HKD 318, maintaining an "outperform" rating [1] - The report highlights the strong demand for emerging IPs such as Twinkle Twinkle, Crybaby, and KeyA, observed during the Beijing Pop Toy Expo held in August [1] - The company is expected to benefit from significant year-on-year growth in both domestic and overseas markets, with increases of 113% and 412% respectively, and anticipates a 202% year-on-year sales growth in the first half of 2025 [1]