CCB International: Raising the target price of Bubble Mart (09992) to HK$288 to maintain “outperforming the market” rating

The Zhitong Finance App learned that CCB International released a research report stating that the target price for Bubble Mart (09992) was raised by 12.5% to HK$288 from HK$256 to maintain an investment rating of “outperforming the market.” CCB International said that Bubble Mart's upcoming products will continue to grow while rapidly increasing production to meet growing demand, and the stock has strong intellectual property rights enforcement capabilities, and the valuation has been rationalized based on its 47% compound annual profit growth rate. With its strong intellectual property operation and commercialization capabilities, smooth overseas expansion, and comprehensive distribution network, Bubble Mart is still the industry's first choice.