＜Research＞UBS Raises POP MART (09992.HK) TP to $51.9, Lifts NP Forecasts

　　POP MART (09992.HK) +4.000 (+10.624%) Short selling $3.47M; Ratio 3.064% issued a positive profit alert forecasting 1H24 revenue/ net profit excluding fair value changes of financial instruments to rise at least 55%/ 90% YoY, respectively, UBS issued a research report saying.

　　UBS estimated interim revenue to be at least RMB4.36 billion, 11% higher than the expectations of UBS and the market. Net profit excluding fair value changes of financial instruments is anticipated to be at least RMB895 million, 22%/ 28% higher than the expectations of UBS and the market.

　　Related NewsNomura Upgrades POP MART (09992.HK) to Neutral, Lifts TP to $41

　　UBS raised its 2024/ 2026 adjusted net profit forecasts for POP MART by 3-11% to reflect faster-than-expected sales growth and improved profitability, and raised its target price from $48 to $51.9, with rating kept at Buy.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-18 16:25.)

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