Trending POP Mart flying 

This week (September 15-19), the Hong Kong stock market showed an up-and-down but overall upward trend, driven by the Federal Reserve's interest rate cut and the wave of developments in the AI industry. The $HSI(HSI)$ closed at 26,533.04 points on Friday, with a weekly gain of 0.55%. The $HSTECH(HSTECH)$ performed even better, rising 4.97% over the week to 6,287.02 points. Trading was active across the market, with total weekly turnover reaching HK$1.67 trillion. On September 18, turnover exceeded HK$4,133 billion, the highest since April 9.Non-essential consumer goods and technology sectors were the market highlights. The Hang Seng Tech Index had a strong showing throughout the week, with an intraday sw

HK250 seems like a reasonable dip to buy

 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.

Here’s my take on the JPMorgan cut of Pop Mart to HK$300, and where might be decent “dip‐buy” levels, plus key risks and what to watch out for.  JPMorgan recently downgraded Pop Mart’s rating from Overweight to Neutral, and lowered their target price from HK$400 to HK$300.  The reasons they cite: • Valuation is “priced for perfection” — a lot of positive catalysts have already been realized (four of seven in JPM’s list) and many expectations are now built into the current share price. • Remaining catalyst visibility is low — things like animation release, Labubu 4.0 launch, interactive toys are still planned but with low visibility / uncertain timing • Risk from small misses — given how high expectations are, even minor disappointments (product, licensing, resale demand, competit

On September 8, a piece of positive news also emerged — Hang Seng Indexes Company announced the results of its index review for the second quarter of 2025, confirming the inclusion of Pop Mart into the Hang Seng Index. The number of constituents will increase from 85 to 88. Alongside Pop Mart, China Telecom and JD Logistics were also newly added.Another good news is $POP MART(09992)$ released a stellar earnings.Perhaps the new product failed to quickly open up fresh imagination, or perhaps after the stock hit a record high, the current price had already priced in market expectations for the launch. As a result, the new series release did not drive the stock price higher. From the post earnings high to September 16, Pop Mart’s stock had fallen by

🧸 Pop Mart at HK$300: Disney-in-the-Making or Hype at Its Peak? Pop Mart has been the darling of Hong Kong’s consumer rally in 2025. From the frenzy around Labubu to the surprise move into jewellery, it’s built one of the most talked-about IP-driven ecosystems in Asia. But now, even the bulls are pausing. This week, JPMorgan cut its target price from HK$400 to HK$300, warning that the year’s biggest catalysts are already priced in. Shares are holding near record highs, but the downgrade begs a tough question: is this dip a gift for believers, or the start of a hangover after too much hype? --- 📊 What Fueled the Rocket Ride? Pop Mart’s rally wasn’t luck — it was execution plus timing. H1 revenue jumped +204% YoY to RMB 13.9B, outpacing nearly every consumer peer. Management hiked its full-y

Pop Mart has already priced in a lot of good news this year — strong H1, Uniqlo collab, index inclusion — so I get why JPM cut the target to HK$300. Without fresh catalysts in the short term, it may be tough to keep the same investor excitement. That said, Labubu & Friends and the interactive toy segment could expand their IP value meaningfully over time, but it’s more of a mid-to-long-term play. Personally, I’d look to buy closer to HK$250–260 on weakness, where risk/reward looks more attractive.

Pop mart is just like the past of brick bear. Once the frenzy is over, the products will be left on the shelves. Therefore there is still a possibilty that pop mart share price will crash in the future.

🚨🚨On September 15, 2025, global markets were largely characterized by a cautious tone as investors awaited the U.S. Federal Reserve's policy meeting later in the week, where a rate cut is widely expected. Here's a summary of the key market analysis: Key Market Drivers:  * Anticipated Fed Rate Cut: The primary market focus is on the upcoming FOMC meeting, where a 25-basis-point rate cut is seen as a near certainty due to recent weak U.S. labor market data. This expectation has been a major factor in supporting equities and has led to a slip in U.S. Treasury yields to a five-month low.  * Mixed Economic Data: While the U.S. labor market shows signs of cooling, other economic indicators are mixed. U.S. inflation data from August was mixed, with CPI rising but producer prices declini

As I look at the recent update from JPMorgan cutting Pop Mart's $POP MART(09992)$   target price from HK$400 to HK$300, I tend to agree with this adjustment. The share price has rallied significantly this year, driven by strong first-half results, the Uniqlo collaboration, index inclusion, and the opening of gold jewelry stores. It feels like the stock has already priced in these catalysts, and now might be a good time for it to take a breather and cool down the frenzy that's been building up. I believe maintaining investor excitement without near-term major catalysts could be challenging for Pop Mart. The momentum that carried the stock this far might wane if there's no clear, immediate driver to keep the

J.P. Morgan downgraded $POP MART(09992)$ from Overweight to Neutral and cut its target price from HK$400 to HK$300 (2026E ~25x P/E, PEG 1.1x). The firm noted that four major catalysts have already been realized this year—strong 1H25 results, the Uniqlo collaboration, index inclusion, and the launch of gold jewelry stores—while the remaining three (animation launch, Labubu 4.0, and interactive toys) still lack visibility in timing and impact. Although search interest and resale prices have declined, this is largely due to a tenfold expansion in capacity since 1Q25 rather than weakening demand, and brand momentum and sales drivers remain solid. Government agencies and platforms are also stepping up anti-counterfeiting measures, which should help st

The next catalyst windows could include:Launch of Labubu & Friends Season 1 (20 episodes × 2 minutes);Pre-heating/release of Labubu 4.0 around Christmas/Lunar New Year;Potential rollout of interactive toys.If the share price undergoes a significant pullback, it could present an attractive entry point. $POP MART(09992)$

$POP MART(09992)$  come on pop mart