J.P. Morgan·2026-10-28CompanyUnderweightHK$110 → HK$100▼Pop Mart - H (9992.HK) 3Q26 another reset - 4Q stabilization is the key test
Morgan Stanley·2026-10-27CompanyOverweightHK$203 → HK$180▼Pop Mart (9992.HK) 3Q26: China Softened; Group Back to Q Q Growth in 4Q
Goldman Sachs·2026-10-27CompanyNeutralHK$119Pop Mart (9992.HK) 3Q26 sales miss; Expect QoQ improvement in Q4 while sequentially weaker 2H margin; Neutral
Goldman Sachs·2026-08-21CompanyNeutralHK$139.50Pop Mart (9992.HK) Earnings review: 1H miss with larger sales pressure and FX loss though SG&A control better; Tougher base ahead; Buyback plan announced; Neutral
Goldman Sachs·2026-10-12SectorChina IP Retailer and Toy Tracker: Sep update,Pop Mart online laps high base; Miniso posts strong 3Q26 GMV; Bloks online accelerates
Goldman Sachs·2026-09-11SectorCHINA IP RETAILER AND TOY TRACKER: Aug update and 1H26 wrap-up: Pop Mart Miniso online growth softens on tough base, Bloks accelerates