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《大行報告》里昂首予泡泡瑪特(09992.HK)「跑贏大市」評級 目標價84.4元
阿思達克 01-14 15:35
里昂發表研究報告,指泡泡瑪特(09992.HK)在內地引領著蓬勃發展的流行玩具市場,即面向年輕人的大規模生產玩具,在2019年市佔率達8.5%。隨著公司在這個快速發展的市場中擁有完善的地位、具有開發及營運高質素IP的能力、廣泛的銷售網絡,以及忠實的粉絲群。

該行預期公司2020至2022年的三年間,銷售及核心盈利年複合增長率分別為62%,主要是受到其零售網絡擴長及成功產品的發展,以及流行玩具市場的需求不斷增長所帶動。首次給予公司「跑贏大市」投資評級,目標價84.4元,相當於明年預測市盈率50倍。

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