花旗发表研报指，泡泡玛特(09992.HK) 管理层预期2025年营业收入按年增逾50%至超过200亿元人民币，经营指引高于该行和市场预期，相信主要由于海外业务增长前景更为乐观，管理层亦预计海外销售占比提升及供应链优化，将推动2025年毛利率继续提升，净利润率料持平或略有上升。
基于较低基数以及与哪咤相关产品销售强劲，泡泡玛特预测今年首季收入按年增长超过一倍。基于更好的销售前景及利润率状况，花旗将泡泡玛特今明两年盈利预测上调24%及28%，目标价从120元上调至162元，评级“买入”。(gc/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-26 16:25。)
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