Mini版Labubu

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小摩:泡泡玛特(09992)旗下Mini版Labubu及星星人热度续升 维持“增持”评级
智通财经网· 2025-09-10 06:18
Core Insights - Morgan Stanley's report indicates that Pop Mart's brand popularity is expected to rebound with the release of the "Labubu and Friends" animation and Labubu 4.0 version, alongside a rise in search interest for "Mini Labubu" since June, now comparable to Skullpanda and Dimoo [1] - The search index for Skullpanda increased by 40% compared to May, anticipating a new plush toy series launch in June, while Crybaby's average search index remained stable from July to August [1] - The interaction volume on Pop Mart's global social media accounts increased by 3% over the past two weeks, leading Morgan Stanley to maintain a "buy" rating with a target price of HKD 400 [1] Group 1 - Mini and large-sized Labubu are hot-selling items, with the "THE MONSTERS Pin For Love" series and "ROCK THE UNIVERSE" series selling out within a minute during their launch on August 28 [2] - The retail price for Mini Labubu is RMB 79 in mainland China and HKD 95 in Hong Kong, with a secondary market price increase of 45% as of September 5 [2] - The large Labubu is priced at RMB 499 in mainland China and HKD 583 in Hong Kong, with a secondary market price increase of 56% as of September 5 [2] Group 2 - Twinkle Twinkle is identified as a new emerging IP, with expected sales of RMB 389 million in the first half of 2025, significantly higher than other IPs like Crybaby and Hirono [3] - The "Sweet Dream Forecast" series, priced at RMB 79 in mainland China and HKD 95 in Hong Kong, is set to launch in August 2025 and has already shown a secondary market premium of 110% in mainland China and 36% overseas as of September 5 [3]
越秀证券每日晨报-20250821
越秀证券· 2025-08-21 02:40
Market Performance - The Hang Seng Index closed at 25,165, up 0.17% for the day and up 25.45% year-to-date [1] - The Hang Seng Tech Index closed at 5,541, down 0.01% for the day and up 24.02% year-to-date [1] - The Shanghai Composite Index closed at 3,766, up 1.04% for the day and up 12.37% year-to-date [1] Currency and Commodity Trends - The Renminbi Index is at 96.170, up 0.60% month-on-month but down 3.89% over six months [2] - Brent crude oil is priced at $66.590 per barrel, down 2.68% month-on-month and down 9.88% over six months [2] - Gold is priced at $3,326.19 per ounce, down 2.06% month-on-month but up 13.20% over six months [2] Company Highlights - Pop Mart's founder Wang Ning stated that the company expects to achieve revenue of 30 billion RMB this year, significantly higher than the previous year's 10 billion RMB [10] - WuXi Biologics reported a 16.1% increase in revenue for the first half of the year, reaching 9.953 billion RMB, driven by expanded service offerings and increased utilization of existing and new capacities [12] - China Biologic Products received breakthrough therapy designation for its selective HER2 TKI, indicating significant progress in its drug development pipeline [13] Notable Market Events - Tencent's WeChat Work has integrated AI capabilities and has connected over 14 million enterprises, indicating strong growth in enterprise communication solutions [11] - The UK reported a year-on-year CPI increase of 3.8% in July, the highest in a year and a half, which may impact market expectations for interest rate adjustments [14][15] - The U.S. Commerce Secretary indicated that Intel must exchange equity for government subsidies, which could set a precedent for other companies like TSMC and Samsung [16] IPO and New Listings - Recent IPOs include Tianyue Advanced and Yinnuo Pharmaceutical, with significant oversubscription rates indicating strong investor interest [25] - Upcoming IPOs include Shuangdeng Co. and Jiaxin International Resources, with expected listing dates in late August [25][26]
泡泡玛特涨12.5%再创历史新高,创10个月来最大单日涨幅!最新市值达4244亿港元,该股年内累涨254%,今年收入300亿元会很轻松
Ge Long Hui· 2025-08-20 08:52
Group 1 - The stock of Pop Mart (9992.HK) experienced a significant increase, rising nearly 14% during trading, reaching a historical high of 319.4 HKD, and closing at 316 HKD, marking the largest single-day gain in 10 months with a market capitalization of 424.4 billion HKD. The stock has increased by 254% year-to-date [1] - Pop Mart announced during its earnings meeting that it expects to easily achieve 30 billion RMB in revenue this year and will launch a Mini version of Labubu next week [3] - On August 19, Pop Mart released its financial report indicating that for the first half of 2025, revenue is projected to be 13.88 billion RMB, representing a year-on-year growth of 204.4%, while adjusted net profit is expected to be 4.71 billion RMB, reflecting a year-on-year increase of 362.8% [4]
泡泡玛特(9992.HK)收涨12.5%,创10个月来最大单日涨幅
Ge Long Hui A P P· 2025-08-20 08:36
Group 1 - The core viewpoint of the article highlights that Pop Mart (9992.HK) experienced a significant stock price increase, reaching a historical high, with a notable single-day gain of 12.54% [1] - The company's market capitalization has reached 424.4 billion HKD, reflecting a year-to-date stock price increase of 254% [1] - During the earnings call, the company expressed confidence in achieving a revenue target of 30 billion CNY for the year [1] Group 2 - On August 19, Pop Mart released its financial report, indicating that for the first half of 2025, revenue is projected to be 13.88 billion CNY, representing a year-on-year growth of 204.4% [1] - The adjusted net profit for the same period is expected to be 4.71 billion CNY, showing a substantial year-on-year increase of 362.8% [1] - The company plans to launch a Mini version of Labubu next week, which may contribute to future revenue growth [1]
泡泡玛特涨超8%股价突破300港元,再创历史新高,市值突破4000亿港元!王宁:今年收入300亿元会很轻松,下周推Mini版Labubu
Ge Long Hui· 2025-08-20 04:59
Core Viewpoint - Pop Mart (9992.HK) has seen its stock price rise over 8%, surpassing 300 HKD to reach 305 HKD, marking a new historical high and pushing its market capitalization beyond 400 billion HKD. The company has experienced a year-to-date increase of 240% in its stock price. During the earnings conference, Pop Mart indicated that achieving an income of 30 billion RMB this year would be quite easy, and it plans to launch a Mini version of Labubu next week [1]. Group 1 - Pop Mart's stock price has increased over 8%, reaching a new high of 305 HKD [1] - The company's market capitalization has exceeded 400 billion HKD [1] - Year-to-date stock price increase stands at 240% [1] Group 2 - Pop Mart expects to achieve an income of 30 billion RMB this year [1] - The company is set to launch a Mini version of Labubu next week [1]