Equity Analyst

Steve Zhou, CFA

Over 13 years of professional experience covering mainly Asian consumer companies in sell-side and buy-side.

Pop Mart (9992 HK):  International Expansion Is For Real

Pop Mart (9992 HK):  Short-Term Trading Opportunity On International Expansion

Equity Bottom-Up

Pop Mart International Group L / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/pop-mart-international-group-l" target="_blank" data-smartkarma-citation="entities:29016:1" rel="noopener">Pop Mart International Group L (9992 HK)</a> announced at noon today a business update on 3Q23.</li>
<li>Overall sales in 3Q23 grew 35-40% yoy, with domestic China sales up 25-30% yoy and international sales up 120-125% yoy. </li>
<li>Thesis intact, as the 3Q23 update showed that the international business continued to grow rapidly at 120-125% yoy growth.</li>
</ul>



Pop Mart International Group L (9992 HK) announced at noon today a business update on 3Q23.
Overall sales in 3Q23 grew 35-40% yoy, with domestic China sales up 25-30% yoy and international sales up 120-125% yoy. 
Thesis intact, as the 3Q23 update showed that the international business continued to grow rapidly at 120-125% yoy growth.


Pop Mart (9992 HK):  Strong 3Q23 Operational Update; Thesis Intact