POP MART (09992.HK) +4.250 (+11.288%) Short selling $22.44M; Ratio 4.529% expected its interim revenue/ net profit (excluding gains and losses on fair value of financial assets) to grow at least 55% YoY/ 90% YoY, beating the market's expectations by over 11%/ 25%, respectively, CLSA released a research report saying.
CLSA raised its 2024-2026 sales forecasts by 5-7% and net profit forecasts by 18-26% to reflect better-than-expected 1H24 earnings performance and improved full-year outlook after POP MART released its profit alert.
Related NewsJefferies Projects POP MART (09992.HK) 2Q24 Sales to Rise 40% YoY, Rates Buy
Therefore, CLSA kept rating at Outperform, and elevated its target price from $37 to $45.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-19 12:25.)
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