港股異動 | 泡泡瑪特(9992.HK)漲9% 獲多家券商看好
格隆匯12月18日丨泡泡瑪特(9992.HK)午後加速拉昇,現報79.4港元,漲幅8.99%,最新總市值1113.1億港元。長城證券指,潮玩行業處於從小眾走向主流的階段,發展空間充足;公司作為率先打通潮玩產業鏈的潮玩龍頭,公司有望引領行業發展。長期看,隨着IP運營能力的不斷成熟,公司IP變現途徑將不斷豐富,同時開啟海外擴張戰略,成長空間進一步打開。預計公司20-21年利潤端增速分別為31.2%、93.1%、46.4%,首次覆蓋給予“推薦”評級。光大證券認為,按照既有商業模型,公司未來3年成長確定性較高,認為隨着低毛利的第三方產品佔比逐步減少,盈利能力有望持續提升。預計公司20-22年歸母淨利潤為7.5/12.6/18.5億元,同比增長65%/69%/47%,首次覆蓋,給予“增持”評級。

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