研报掘金｜华泰证券：维持泡泡玛特“买入”评级，目标价为410港元_老虎社区_美港股上老虎

研报掘金｜华泰证券：维持泡泡玛特“买入”评级，目标价为410港元

格隆汇01-21

华泰证券发表研报指，该行追踪的数据显示，泡泡玛特去年第四季国内及海外业绩按季表现具高韧性，在经历Labubu 3.0销售高峰后，IP矩阵的力量对销售增长形成坚实支撑。公司于1月19日以2.51亿港元回购140万股股份，反映公司对成长前景的信心。该行认为泡泡玛特业绩增长的可持续性以及中长期空间受低估，在目前市场分歧阶段估值具吸引力，维持“买入”评级，继续重点推荐，目标价为410港元。

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