UBS: Expects POP MART (09992) Catalyst to be Released, Rating "Buy"

UBS released a research report stating that it continues to be optimistic about the prospects of POP MART (09992), as the popularity of the Star People series continues to rise, and the Labubu series has stabilized in the secondary market after experiencing initial supply-driven price declines. The bank expects catalysts such as updated third-quarter sales data, Christmas-themed product releases, and the release of new animated works to drive the stock price. With the improvement in the accuracy of high-frequency data such as credit card consumption tracking data, it is expected to boost the momentum of the stock price. UBS maintains a "buy" rating on POP MART with a target price of HK$432.