Morgan Stanley cut its price target on Pop Mart (09992.HK) to HK$203 from HK$214, citing Q2 sales down ~10% y/y below forecast, though core operating margin beat expectations; H1 FX losses of RMB720M were the main earnings drag; management announced a HK$2B–5B buyback; MS maintains Overweight.
Jin1008/21, 01:54 PM
- 203 HKD
- 214 HKD
- 7%
- 5%
Figures as quoted by Jin10
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Jin1008/21, 11:32 AM
Jin1008/21, 10:00 AM
Jin1008/21, 09:47 AM
Citigroup cut its price target on Pop Mart (09992.HK) to HKD 198 from HKD 263.