Bubble obviously… waiting to pop… Pop Mart is a concept that will only take off when the economy is doing well. When recession finally arrives to China and US, essential items like food on the table would be the priority. Occasionally, you might reward yourselves with a cup of bubble tea, etc. Will we still go and buy a Labubu? I doubt so. The rise of Pop Mart also symbolises the rise of the culture of excesses and wants. Yes, the founder has turned those toys 🧸 into “collectible art toys”, however unlike for example a Rolex, one could have replicated those toys 🧸 easily. Having said that, the time is not now when the economy is still in its Goldilocks moment. The time will come when all these come crashing down and people will find out that there’s no one left to buy their “beloved” Labubu… [Facepalm][Spurting]
Pop Mart Defies the Falling Trend & Rebounds! Eyeing HK$300?
JPMorgan sharply cut its target price for Pop Mart from HK$400 to HK$300. Then the stock dips till $252 and rebounded yesterday despite HK market decline?
1. Do you think Pop Mart can maintain investor excitement without near-term major catalysts?
2. Will Labubu & Friends and interactive toys meaningfully expand Pop Mart’s IP value?
3. At what price level would you consider Pop Mart a buy?
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