Labubu-Maker Pop March Shares falls as Morgan Stanley from the list

Beijing – Shares Pop MarchThe Chinese Toy Company behind the latest Labubu Craze, Margan Stanley’s focus on Friday, Friday, continued to demolish.

The shares listed in Pop March in Hong Kong fell more than 5%, this is 5.3% lower than the previous meeting. To date, the first negative week for the first negative week of the high-quality week – so far in the casualties of more than 13%. Its per year more than 160%.

Morgan Stanley replaced a note on Tuesday, Pop March Insurance Company PicC P & C The company is in the Chinese and Hong Kong Focus list.

The investment bank did not investigate why Pop March shares. On June 10, the firm, toy company price target 302 Hong Kong dollar ($ 38.47), up to 224 HKDs, Pop March for a long time to increase the long term.

“We think that in 2025, Pop March may not be strongly confident in the long-term outlook.”

“We did not expect this level of this level to continue this level in the next quarter of this level,” he said.

Pop March shares hit a record day record in 283.40 HKD on June 12.

Beijing is expanded rapidly with online sales platforms and physical shops, including the United States and UK

Pop March initially gained popularity with the concept of “blind box”, which consumers received unmarked boxes – it may cost more than $ 5 to $ 10 – a unique figuret and a collection for a chance to build a unique sculpture and collection.

In the last few months, the company’s “Labubu” toys became a global phenomenon that attracted an elf similar character New York magazine and New York Times.

Pop March has spread to toys, pillows and related trade in labub to catch the request. 4 meters tall labubu Sold for $ 170,000 equivalent This month ago in Beijing in auction. Most of the more favorable versions of the staff, Mainland was later left in China.

“We have seen certain trends as before …” As people, people, Jacob Cooke, co-founder, co-founder, co-founder and CEO technologies are a favorite – vitamin and clinical – selling online in other parts of China and Asia.

Last year, Toys in Capybara drew attention to the filled games. Chinese seller RideThe shops in the United States and other countries were one of the main vendors of the stuffed animal.

Cooke Pop March saw as “more lucky than anything”, although it only reflects the interest in toys, not only for children, but also to adults.

The popularity of their toys, Pop shows the popularity of March External Sale In 2024, in 2021, he overstated the company’s total sales.

The company reported in 2021 in 2024 in 2024, 4.49 billion yuan ($ 624.6 million) in 2024 ($ 624.6 million) ($ 624.6 million).