中金:首予泡泡瑪特(9992.HK)跑贏行業評級 目標價100港元
中金髮表研究報吿指,泡泡瑪特(9992.HK)在中國潮流玩具市場佔有率排行第一,未來渠道擴張、IP拓展及多元化變現有望驅動公司持續快速增長。該行首予公司跑贏行業評級,目標價為100港元。
該行指出,2019年中國潮玩行業市場規模為207億元人民幣,預計未來5年的複合年均增長率為29.8%。泡泡瑪特的核心競爭優勢包括盲盒模式以及強大的IP運營能力吸引大量消費者,預計公司2020至2022年每股純利分別為0.37元、0.38元及1.33元人民幣。

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