炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！

金吾财讯 | 花旗发研报指，指中国的IP商品市场具有巨大的增长潜力，因为其人均消费支出与发达市场相比仍然较低。授权业务深度连接所有消费领域，为实现IP的商业价值提供广泛机会，而IP商品是其中的主要途径。

该行看到，高品质IP供应、产品创新和供应链能力将推动IP消费的上行潜力。泡泡玛特(09992)和名创优品(09896)是这一领域的两个突出参与者，它们以各自的方式应对行业的快速增长并争夺市场份额。该行重申对泡泡玛特的“买入”评级，目标价120港元，因其具备孵育成功专有/独家IP的能力。该行亦维持对名创优品的“买入”评级，H股目标价47.5港元，因其IP商品销售贡献上升带来的利润率扩张潜力。

海量资讯、精准解读，尽在新浪财经APP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.