Pop Mart's Sales Growth Facing Downward Pressure -- Market Talk

Dow Jones01-13

0411 GMT - Pop Mart International's sales growth likely faced some downward pressure toward the end of 2025, Deutsche Bank analyst Sammi Xu says in a research note. "Our analysis of the transaction price on secondary trading platforms reveals a continuous softening trend, likely attributable to diminished scarcity of existing collections after significant sales volumes in 2025," Xu says. Secondary-market prices serve as a key indicator of an IP's supply-demand dynamics. The pressure is obvious as Labubu collection has become easy to buy in Pop Mart's physical stores in mainland China and Hong Kong, Xu says. Deutsche Bank has a hold rating on Pop Mart with a target price of HK$228.00. Shares are 2.5% lower at HK$192.10.(tracy.qu@wsj.com)

(END) Dow Jones Newswires

January 12, 2026 23:11 ET (04:11 GMT)

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Secondary-market prices serve as a key indicator of an IP's supply-demand dynamics. The pressure is obvious as Labubu collection has become easy to buy in <a href=\"https://laohu8.com/S/POPMF\">Pop Mart</a>'s physical stores in mainland China and Hong Kong, Xu says. Deutsche Bank has a hold rating on <a href=\"https://laohu8.com/S/09992\">Pop Mart</a> with a target price of HK$228.00. 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Secondary-market prices serve as a key indicator of an IP's supply-demand dynamics. The pressure is obvious as Labubu collection has become easy to buy in <a href=\"https://laohu8.com/S/POPMF\">Pop Mart</a>'s physical stores in mainland China and Hong Kong, Xu says. Deutsche Bank has a hold rating on <a href=\"https://laohu8.com/S/09992\">Pop Mart</a> with a target price of HK$228.00. Shares are 2.5% lower at HK$192.10.(tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 12, 2026 23:11 ET (04:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0611395673.USD","symbol_name":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2603024571","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603024571","pubTimestamp":1768277460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0411 GMT - Pop Mart International's sales growth likely faced some downward pressure toward the end of 2025, Deutsche Bank analyst Sammi Xu says in a research note. \"Our analysis of the transaction price on secondary trading platforms reveals a continuous softening trend, likely attributable to diminished scarcity of existing collections after significant sales volumes in 2025,\" Xu says. 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Secondary-market prices serve as a key indicator of an IP's supply-demand dynamics. The pressure is obvious as Labubu collection has become easy to buy in Pop Mart's physical stores in mainland China and Hong Kong, Xu says. Deutsche Bank has a hold rating on Pop Mart with a target price of HK$228.00. 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