Bernstein Lowers POP MART's Target Price to HKD181, Expresses Concerns Over Recent Share Price Surge Lacking Fundamental Support
Stock Performance: POP MART (09992.HK) has seen a significant rally of 22.96% over the past week, attributed to strategic events like stock buybacks and increased interest in its intellectual property, rather than fundamental improvements.
Analyst Rating and Target Price: Bernstein has lowered POP MART's target price from HKD225 to HKD181 while maintaining an Underperform rating, citing concerns over revenue growth, international expansion, and investments impacting profit margins.
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HKD4.3 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant Southbound Trading net inflows totaling HKD4.3 billion, while other stocks like BABA-W (09988.HK) and POP MART (09992.HK) experienced notable short selling activity.
Market Activity Overview: TENCENT was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with substantial net inflows, while stocks like XIAOMI-W and AKESO faced the highest net outflows.
Short Selling Statistics: The short selling ratios for TENCENT, BABA-W, and POP MART were 15.248%, 19.556%, and 27.852% respectively, indicating a high level of market speculation.
Overall Market Sentiment: The total Southbound Trading net outflow was HKD0, accounting for 35.67% of the total transaction amount of HKD88.42 billion, reflecting fragile market sentiment according to JPM.
M Stanley Assigns Overweight Rating to POP MART; Potential Upsides Expected in March and April
Stock Performance: POP MART's stock increased by 1.238%, with a short selling value of $1.29 billion and a ratio of 24.227%.
Analyst Insights: Morgan Stanley highlighted that the company's stock buyback and the popularity of new IP products like Twinkle Twinkle and Skullpanda are positive catalysts for growth.
Future Outlook: The firm believes there is potential for POP MART's stock price to rise further in March to April, setting a target price of HKD325.
Rating: Morgan Stanley has assigned an Overweight rating to POP MART, indicating a favorable view on the stock's performance.
POP MART Establishes London as Its European Headquarters
UK-China Business Forum Participation: POP MART's CEO Wang Ning attended a closed-door "CEO Roundtable" with UK Prime Minister Keir Starmer at the UK-China Business Forum.
Expansion Plans: POP MART announced plans to establish London as its European headquarters, with intentions to open seven flagship stores in the UK and expand to 20 stores across Europe, creating over 150 jobs.
HKD1.2 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw a significant net inflow of HKD1.2 billion, while POP MART (09992.HK) and CNOOC (00883.HK) also experienced notable inflows, with respective increases of 7.031% and 4.847%.
Southbound Trading Outflows: BABA-W (09988.HK) faced a net outflow of HKD944.9 million, alongside ZIJIN MINING (02899.HK) and SMIC (00981.HK), which also reported substantial outflows.
Market Activity: TENCENT was the most active stock in the Shanghai-Hong Kong Stock Connect with the highest net inflow, while TRACKER FUND (02800.HK) recorded the highest net outflow.
Overall Trading Summary: The total Southbound Trading net outflow was HKD0, accounting for 38.13% of the total transaction amount of HKD137.84 billion.
Short Selling Activity Reaches $59.8B, Representing 20.4% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $59.8 billion, accounting for 20.4% of the eligible securities turnover, an increase from 16.4% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND (38.6% ratio, $11.74B), HSCEI ETF (41.8% ratio, $6.93B), CSOP HS TECH (47.8% ratio, $4.91B), BABA-W (9.3% ratio, $1.45B), and POP MART (21.3% ratio, $1.02B).
Market Performance: The shares mentioned experienced varying increases in their prices, with TRACKER FUND rising by 2.635%, HSCEI ETF by 2.852%, CSOP HS TECH by 2.487%, BABA-W by 2.119%, and POP MART by 7.031%.
Data Delay Notice: It is noted that the stock quotes for Hong Kong stocks are delayed by at least 15 minutes, and the short selling data is as of January 28, 2026.
POP MART Expands to Over 3,000 International Employees, with the Americas as Its Rapidly Growing Market, According to Wang Ning
Company Growth: Wang Ning, founder of POP MART, announced that the company has surpassed 10,000 employees, including over 3,000 foreign workers.
Market Expansion: The Americas are currently POP MART's fastest-growing market, while the company is still in the early stages of operations in many European countries.
Store Strategy: POP MART plans to expand its overseas presence by opening larger, better-located, and more thoughtfully designed stores to enhance customer experience.
Investment Outlook: HTSC maintains a "Buy" rating on POP MART, suggesting that the sustainability of the company's growth results is underestimated.
HKD4.3 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant Southbound Trading net inflows totaling HKD4.3 billion, while other stocks like BABA-W (09988.HK) and POP MART (09992.HK) experienced notable short selling activity.
Market Activity Overview: TENCENT was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with substantial net inflows, while stocks like XIAOMI-W and AKESO faced the highest net outflows.
Short Selling Statistics: The short selling ratios for TENCENT, BABA-W, and POP MART were 15.248%, 19.556%, and 27.852% respectively, indicating a high level of market speculation.
Overall Market Sentiment: The total Southbound Trading net outflow was HKD0, accounting for 35.67% of the total transaction amount of HKD88.42 billion, reflecting fragile market sentiment according to JPM.
M Stanley Assigns Overweight Rating to POP MART; Potential Upsides Expected in March and April
Stock Performance: POP MART's stock increased by 1.238%, with a short selling value of $1.29 billion and a ratio of 24.227%.
Analyst Insights: Morgan Stanley highlighted that the company's stock buyback and the popularity of new IP products like Twinkle Twinkle and Skullpanda are positive catalysts for growth.
Future Outlook: The firm believes there is potential for POP MART's stock price to rise further in March to April, setting a target price of HKD325.
Rating: Morgan Stanley has assigned an Overweight rating to POP MART, indicating a favorable view on the stock's performance.
POP MART Establishes London as Its European Headquarters
UK-China Business Forum Participation: POP MART's CEO Wang Ning attended a closed-door "CEO Roundtable" with UK Prime Minister Keir Starmer at the UK-China Business Forum.
Expansion Plans: POP MART announced plans to establish London as its European headquarters, with intentions to open seven flagship stores in the UK and expand to 20 stores across Europe, creating over 150 jobs.
HKD1.2 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw a significant net inflow of HKD1.2 billion, while POP MART (09992.HK) and CNOOC (00883.HK) also experienced notable inflows, with respective increases of 7.031% and 4.847%.
Southbound Trading Outflows: BABA-W (09988.HK) faced a net outflow of HKD944.9 million, alongside ZIJIN MINING (02899.HK) and SMIC (00981.HK), which also reported substantial outflows.
Market Activity: TENCENT was the most active stock in the Shanghai-Hong Kong Stock Connect with the highest net inflow, while TRACKER FUND (02800.HK) recorded the highest net outflow.
Overall Trading Summary: The total Southbound Trading net outflow was HKD0, accounting for 38.13% of the total transaction amount of HKD137.84 billion.
Short Selling Activity Reaches $59.8B, Representing 20.4% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $59.8 billion, accounting for 20.4% of the eligible securities turnover, an increase from 16.4% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND (38.6% ratio, $11.74B), HSCEI ETF (41.8% ratio, $6.93B), CSOP HS TECH (47.8% ratio, $4.91B), BABA-W (9.3% ratio, $1.45B), and POP MART (21.3% ratio, $1.02B).
Market Performance: The shares mentioned experienced varying increases in their prices, with TRACKER FUND rising by 2.635%, HSCEI ETF by 2.852%, CSOP HS TECH by 2.487%, BABA-W by 2.119%, and POP MART by 7.031%.
Data Delay Notice: It is noted that the stock quotes for Hong Kong stocks are delayed by at least 15 minutes, and the short selling data is as of January 28, 2026.
POP MART Expands to Over 3,000 International Employees, with the Americas as Its Rapidly Growing Market, According to Wang Ning
Company Growth: Wang Ning, founder of POP MART, announced that the company has surpassed 10,000 employees, including over 3,000 foreign workers.
Market Expansion: The Americas are currently POP MART's fastest-growing market, while the company is still in the early stages of operations in many European countries.
Store Strategy: POP MART plans to expand its overseas presence by opening larger, better-located, and more thoughtfully designed stores to enhance customer experience.
Investment Outlook: HTSC maintains a "Buy" rating on POP MART, suggesting that the sustainability of the company's growth results is underestimated.
