Pop Mart International's 4Q Domestic Revenue Growth Likely Slowed -- Market Talk

Dow Jones01-13

0240 GMT - Pop Mart International's domestic revenue growth likely slowed down in 4Q, according to Morningstar analyst Jeff Zhang in a research note. The company's overall 4Q China top-line growth is likely to lag 3Q's, given a "higher base and delays in plush pendant launches under top intellectual properties," he says. Some Labubu products' inventory have built up in select retail stores, signaling lessened interest in older products, he adds. Morningstar keeps a fair value estimate at HK$280.00. "Following the recent material decline in share price, Pop Mart's valuation has become attractive, as we think the market is overly concerned about near-term revenue growth fluctuations," Zhang says. Shares last traded at HK$196.00. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

January 12, 2026 21:40 ET (02:40 GMT)

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Morningstar keeps a fair value estimate at HK$280.00. \"Following the recent material decline in share price, <a href=\"https://laohu8.com/S/POPMF\">Pop Mart</a>'s valuation has become attractive, as we think the market is overly concerned about near-term revenue growth fluctuations,\" Zhang says. Shares last traded at HK$196.00. (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 21:40 ET (02:40 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pop Mart International's 4Q Domestic Revenue Growth Likely Slowed -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPop Mart International's 4Q Domestic Revenue Growth Likely Slowed -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-13 10:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0240 GMT - <a href=\"https://laohu8.com/S/PMRTY\">Pop Mart</a> International's domestic revenue growth likely slowed down in 4Q, according to Morningstar analyst Jeff Zhang in a research note. The company's overall 4Q China top-line growth is likely to lag 3Q's, given a \"higher base and delays in plush pendant launches under top intellectual properties,\" he says. Some Labubu products' inventory have built up in select retail stores, signaling lessened interest in older products, he adds. Morningstar keeps a fair value estimate at HK$280.00. \"Following the recent material decline in share price, <a href=\"https://laohu8.com/S/POPMF\">Pop Mart</a>'s valuation has become attractive, as we think the market is overly concerned about near-term revenue growth fluctuations,\" Zhang says. Shares last traded at HK$196.00. (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 21:40 ET (02:40 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":"SG9999002950.SGD","symbol_name":"United Asian Growth Opportunities SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2603598576","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603598576","pubTimestamp":1768272000,"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":"0240 GMT - Pop Mart International's domestic revenue growth likely slowed down in 4Q, according to Morningstar analyst Jeff Zhang in a research note. 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The company's overall 4Q China top-line growth is likely to lag 3Q's, given a \"higher base and delays in plush pendant launches under top intellectual properties,\" he says. Some Labubu products' inventory have built up in select retail stores, signaling lessened interest in older products, he adds. Morningstar keeps a fair value estimate at HK$280.00. \"Following the recent material decline in share price, Pop Mart's valuation has become attractive, as we think the market is overly concerned about near-term revenue growth fluctuations,\" Zhang says. Shares last traded at HK$196.00. 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