Labubu-Maker Pop Mart shares that Morgan Stanley cuts from the list

Beijing – shares Pop MartThe Chinese toy company behind the last Labubu Craze continued on Friday after Morgan Stanley was removed from the Stock spot list.

The shares listed in Pop Mart Hong Kong lasted more than 5%, when the slide of the previous session fell by 5.3%. That’s a high flying stock on the track, late May for its first negative week – losses of more than 13% so far. The annual schedule has more than 160%.

Morgan Stanley said in a note was replaced by the POP Mart Insurance company at the end of Wednesday Picc P & C Company in China and Hong Kong Focus list.

The investment bank did not cultivate why Pop Market removed. The aim of the June 10th of its price was 302 $ 302 ($ 38.47), 224 hkd, Pop Mars still had a place to grow in the long run.

“We believe that the market has been completely invonnected in exponential growth in Pop Mars in 2025, but may not have a long-term view” Equity Analyst Dustin Wei and a group said in the June 10 report.

“That said, seeing his ascending assessment, we don’t expect this level to overcome the next quarter to overcome,” reports said.

Pop Mart shares made a record of 283.40 HKD daily on June 12.

Beijing-based toy company squeezed abroad with online sales platforms and physical stores, including in the US and the UK

Pop Marth earned fame firstly with the concept of “blind box”, where consumers buy unmarked boxes.

In recent months, the series of “Labubu” company “labubu” has become a global phenomenon of toys, as well as attracting fashion and culture attention New York Magazine and New York Times.

Pop Mart has also released a labubu toy, pillows and related goods to catch the demand. 4-meter tall labubu It sells $ 170,000 equivalent Months before in Beijing’s auction. Then many of the cheaper versions of the figurine went out in Chinese continental.

“We’ve seen some such trends …” Jakob Cooke, CNBC, CNBC said. The company helps foreign marks, such as China and other Asian places.

Last year he stated that the stuffed toy of Capybara. Chinese seller MinisIt also has shops in the US and other countries, it was one of the main sellers of animals filled.

Cooke Pop Mart saw him more than anything, even though he stressed that the interest of the toy is growing not only for children.

The popularity of his toys upwards, Pop Mart Foreign sales In 2024, the General Sales of the Company have already passed in 2021.

The company reportedly reported sales, mainly 4.49 million yuan ($ 624.6 million) in 2024. Only foreign sales passed 5.1 billion hit hit hit, 377 billion yuan a year ago.