02:33
DBS initiates "Buy" rating on Pop Mart with a target price of HKD 312.
The DBS research report predicts that Pop Mart's revenue and profit will rise by more than 1.4 times and 1.8 times, respectively, driven by demand for its own IP in 2023. Despite facing short-term risks, the bank believes that the company's diversified product portfolio and innovative model will build a robust mid-term outlook, initiating a "buy" rating with a target price of HKD 312.