The Zhitong Finance App learned that Bubble Mart (09992) rose more than 4%. As of press release, it had risen 4.01% to HK$29.85, with a turnover of HK$228 million.
According to Damo's research report, Bubble Mart's stock price is likely to rise by more than 80% in the next 30 days. Potential positive catalysts include first-quarter sales, and the increase in overseas sales may cause the market to adjust its full-year forecast; May Golden Week; Toy Bricks to launch in June; and the mobile game will soon begin public testing.
The bank pointed out that since the beginning of February, Bubble Mart has significantly outperformed the Hang Seng Index during the same period, but believes that the stock still has room for further growth, supported by sufficient catalysts and a potential compound annual profit growth rate of about 30% from 2023 to 2025.