POP MART (09992) surged over 4% in early trading, reaching HK$21.36 with a turnover of HK$1.083 billion by press time. The uptick follows reports that Sony Pictures secured film adaptation rights for POP MART’s popular IP "Labubu." Earlier this year in January, POP MART established its film studio and filed copyright registration for the first season script of the animated series "Labubu & Friends." Founder Wang Ning revealed in July that multiple globally renowned film studios had approached the company for collaboration on the Labubu film franchise.
PUYI International noted in a research report that recent high-frequency data showed a rebound in U.S. sales growth during the first week of November. The firm expects POP MART’s U.S. sales to maintain strong momentum through the Thanksgiving and Christmas seasons. China Post Securities also highlighted that Q4 is traditionally POP MART’s peak sales period, with Halloween, Black Friday, and Christmas driving robust demand for gifts and trendy toys in core overseas markets like Europe and the U.S.
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