Changes in Hong Kong stocks | Bubble Mart (09992) rose more than 3%, and its LABUBU series products are popular, and Damo recently raised the company's target price to HK$302

The Zhitong Finance App learned that Bubble Mart (09992) rose more than 3%. As of press release, it had risen 3.07% to HK$275, with a turnover of HK$1,265 billion.

According to the news, Bubble Mart's LABUBU series products are popular. Some people familiar with the matter said that Bubble Mart had expanded production capacity at the beginning of the year, but demand far exceeded the supply chain's response speed. Also, on June 13th, the LABUBU Weird Convenience Store series will host a themed pop-up event in Chengdu. The report said that due to its high popularity, scalpers were already fried to 500 yuan as soon as the reservation tickets were empty, but the original price was only 0.01 yuan, so it became difficult to find a ticket in an instant.

According to the Morgan Dansley Research Report, the target price for Bubble Mart was raised by 35% from HK$224 to HK$302, and the investment rating was “increase in wealth.” Damo believes that the combination of Bubble Mart's intellectual property diversity and operating capabilities will create lasting growth. Although its growth momentum in 2025 may have been fully reflected, the bank believes that its potential for long-term large-scale growth has not been fully realized.