Pop Mart says its profits are set to surge, but the market isn’t convinced.
Despite projecting a 350% jump in earnings and booming global demand for its designer toys, the company’s shares tumbled over 6% after the announcement. With the stock up nearly 600% in the past year, investors are asking: Is Pop Mart overvalued?
Is this still a high-growth story or a hype-driven risk?
On Wealth Tracker, Hongbin Jeong speaks to Jeff Zhang, CFA, Equity Analyst, Morningstar, to find out more.