Pop Mart: What's Driving the D

Pop Mart: What's Driving the Downgrade?

- Valuation Concerns: JPMorgan believes Pop Mart’s current valuation is no longer attractive, especially after a sharp intraday drop of over 8%.

- Target Price Cut: The price target was slashed by 25% to HKD 300, signaling reduced short-term upside.

- IP Saturation Worries: Investors are jittery about the sustainability of Labubu’s popularity. Secondary market prices have dipped, but JPMorgan attributes this to overproduction rather than fading demand.

Pop Mart Defies the Falling Trend & Rebounds! Eyeing HK$300?

JPMorgan sharply cut its target price for Pop Mart from HK$400 to HK$300. Then the stock dips till $252 and rebounded yesterday despite HK market decline? 1. Do you think Pop Mart can maintain investor excitement without near-term major catalysts? 2. Will Labubu & Friends and interactive toys meaningfully expand Pop Mart’s IP value? 3. At what price level would you consider Pop Mart a buy?

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