Pop Mart International Likely to Remain Under Pressure — Market Talk

What happened

Daiwa analysts say Pop Mart International may stay under pressure after revenue fell about 50% in the third quarter, though fourth-quarter results could improve on an easier year-earlier comparison and festive-season demand.

Confirmed

Global impact / market context

A 50% revenue drop is a severe slowdown, so any recovery matters for investors judging whether Pop Mart can return to visible growth. A weaker year-earlier base can make fourth-quarter figures look better without proving demand has truly recovered.

Analyst inference

Investors are watching new product launches, such as "The Monsters Cat Mode On" series, as a test of whether sales are stabilizing. Daiwa says a turning point, meaning visible growth and a more attractive valuation, has not yet emerged.

Analyst inference

What to watch

1. Watch whether the recently launched "The Monsters Cat Mode On" series boosts sales, a sign analysts cite as important for judging whether initial stabilization is holding. Confirmed
2. Track fourth-quarter revenue against the easier year-earlier comparison and festive season, separating a genuine sales recovery from a base-effect improvement. Analyst inference
3. Watch for evidence of a turning point, which Daiwa defines as visible growth and a more attractive valuation, before treating the pressure as over. Proposed

Evidence

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