HK Stock Market Move | POP MART (09992) rose nearly 5%, indicating strong economic prosperity. Morgan Stanley believes that the company has the ability to increase prices in the US market.

POP MART (09992) rose by nearly 5%, as of the time of writing, it increased by 4.87% to 150.8 Hong Kong dollars, with a turnover of 10.44 billion Hong Kong dollars. On the news front, the Founder pointed out that exports, investments, and consumption are the three main drivers of economic growth. In the context of export pressure, more proactive fiscal and monetary support policies are worth looking forward to. Subsequent policies to boost consumption and stimulate domestic demand are expected to continue to be implemented, driving the domestic economy towards stable improvement. The bank believes that under the pressure of the economy and employment, young people's demand for IP trend toys and the grain economy has increased, the industry is prosperous, and it is expected to contribute flexibility in both fundamental and valuation aspects in the upturn. POP MART achieved revenue of 13.038 billion yuan in 2024, an increase of 106.92% year-on-year; gross profit of 8.708 billion yuan, an increase of 125.4% year-on-year; and net profit attributable to shareholders of 3.125 billion yuan, an increase of 188.77% year-on-year. Morgan Stanley research report pointed out that POP MART has the ability to raise prices in the US market to alleviate the impact of tariffs, so they are not very worried about its operating profit margin.