Pop Mart (09992) rose nearly 6% in early trading, reaching a high of HK $85, a new high since March 2021. The stock has more than tripled during the year, with a turnover of HK $576 million. The Everbright Securities research report pointed out that the dividends of the global trendy toy industry are still there, and Bubble Mart's multiple IPs are out of the circle to verify the company's strong advantages in IP operations, and the solid moat provides support for maintaining its leading position in the future; The company has initially built a trendy play ecosystem integrating IP derivatives such as blind boxes, parks, and games. It has steadily advanced overseas store expansion and opened up a second growth curve overseas. The bank pointed out that as a leading trendy toy company in China, the company...

