0732 GMT - Pop Mart International's business is likely grow further due to the diversity of its intellectual property, says Deutsche Bank Research analyst Jessie Xu. The revenue contribution from its Top 5 IPs has been around 50% to 60%, Xu says, noting that the levels are healthy. Xu adds there is an upside for the company to open more overseas stores than initially expected. The analyst maintains a buy rating on the stock, raising its target price to HK$108.00 from HK$88.00. Shares are 3.8% higher at HK$93.05. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 06, 2024 02:32 ET (07:32 GMT)
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