The Zhitong Finance App learned that Bubble Mart (09992) has now risen by more than 6%, and its stock price has risen more than 90% since the beginning of February. As of press release, it rose 6.35% to HK$33.5, with a turnover of HK$142 million.
According to the news, Damo pointed out on April 11 that 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. According to the bank, the stock still has room to rise further, supported by sufficient catalysts and a potential compound annual profit growth rate of about 30% from 2023 to 2025.
CITIC Construction Investment pointed out that on the 3rd anniversary of Lucky Coconut Latte, LABUBU, a popular IP co-branded with Bubble Mart, launched Coconut Latte, as well as drink accessories and thermos cups. LABUBU is a joint name with Lucky Coffee. We believe that in addition to IP licensing revenue, it is more important to use Lucky's intensive domestic store network to reach more users. Overseas, top Thai star Lisa shared Labubu on social media, which clearly helped Bubble Mart IP break the market overseas. The bank pointed out that the Thai market is an important stop for Bubble Mart to go overseas; we still need to pay attention to the strength of the US market this year.