0343 GMT - Pop Mart International is expected to continue its fast growth in the next few quarters, Deutsche Bank Research analysts write. The company has seen revenue growth rates in Mainland China and overseas markets accelerate for two consecutive quarters, they note. This performance is impressive amid a relatively weak macro environment, they add. Total revenue growth is likely to exceed 30% for fiscal 2025, driven by same-store sales growth and other factors, they note. Deutsche Bank maintains a buy rating and raises the target price to HK$88.00 from HK$54.00. Its Hong Kong-listed shares are 0.2% lower at HK$75.35. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
October 23, 2024 23:43 ET (03:43 GMT)
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