CITIC Securities: Maintains a "strong buy" rating for Pop Mart (09992.HK), with continued progress in overseas localization operations.

Zhitong Finance APP learned that CMB Securities released a research report stating that they maintained a "strong buy" rating for Pop Mart (09992.HK). The overseas organizational structure promotes the continuous growth of overseas health, and the potential of IP products such as "Elf Team" LABUBU/Star Man is promising. Considering the company's outstanding global IP operation capabilities and highly flexible production capacity scheduling, the bank believes that the company's trend risk is controllable and continues to be optimistic about the company's future development.