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<Research>BOCI Initiates Rating Buy on MNSO/ BLOKS, Prefers POP MART
Recommend 41 Positive 62 Negative 36 |
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Despite geopolitical tensions and escalating tariff risks, China is further solidifying its dominant position as a global leader in merchandise, BOCI opined in its research report. With Chinese-designed products having achieved greater success in both domestic and overseas markets, China has pushed itself beyond a manufacturing role, and Chinese IPs have captured the attention of consumers worldwide. Accordingly, BOCI held a more optimistic outlook on Chinese consumer goods companies, particularly retailers focused on toy and leisure products. The broker estimated that overseas markets might serve as long-term catalysts, and investors' gradual recognition of this would help support valuations. BOCI initiated a Buy rating on MNSO (09896.HK) and BLOKS (00325.HK) with target prices of HKD51.6 and HKD174.1 respectively. It also set its target price for POP MART (09992.HK) at HKD192.1 and gave it a Buy rating. AAStocks Financial News |
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