Magellanic Clouds: Bubble Mart (09992.HK) still has upside potential in the Americas and Europe, with a target price raised to HK$400.

According to the app of Wallstreetcn, Macquarie released a research report stating that it is expected that the revenue of Pinduoduo (09992.HK) in the fiscal year 2025 will reach approximately 33 billion RMB, and the net profit margin under non-international financial reporting standards will reach 35%. The firm maintains an "outperform" rating; because the company's growth is expected to start slowing down by 2026, the target price-earnings ratio will be reduced from 34.5 times to 33 times, and the target price will be raised by 11% to 400 Hong Kong dollars.