Pop Mart shares are located in Labubu maker, which is cut by the Morgan Stanley from the list

Beijing – stocks in Pop MartThe Chinese Games continued behind the last Labubu madness, on Friday, after Morgan Stanley removed the shares from the focus menu.

Pop Mart shares from Hong Kong, which were listed by more than 5 %, and its slice extended from the previous session when it fell 5.3 %. This is the placing of high flying stocks on the right track in the first passive week since early May-with losses of more than 13 % so far. Its gains are a year to the date of more than 160 %.

Morgan Stanley said in a note late on Wednesday that she was replacing the pop -mart with the insurance company Picc P & C. In the focus list in China and Hong Kong.

The Investment Bank did not explain the reason for removing Pop Mart shares. On June 10, the company raised its target price on the Games Company to $ 302 Hong Kong ($ 38.47), up from 224 Hong de, on expectations that Pop Mart still has a long -term growth room.

“We believe that the market has been fully taken into consideration in the growth of the Si Mart in 2025, but it may not have a strong conviction about the long -term view,” said Dustin Wei and a team in the June 10 report in the June 10 report.

“However, in light of its noble evaluation, we do not expect this level of superior performance to continue in the next few quarters,” the report said.

Pop Mart shares reached the highest standard per day 283.40 Hong de in June 12.

The Beijing Games, which is based on its headquarters abroad, expanded with online sales and physical stores, including in the United States and the United Kingdom

Pop Mart gained its popularity for the first time through the concept of “Blind Box”, where consumers buy unlimited boxes – which can cost about $ 5 to $ 10 each – to get an opportunity to get a unique statue and build a group.

In the past few months, the company “Labubu” for the company has become one of the games that includes a figure -like dwarf of the global phenomenon, until it caught the attention of fashion and culture that focuses on culture New York Magazine and New York Times.

POP Mart has also released Labubu Games stuffed, pillows and relevant goods to pick up the order. Labo 4 feet Sold for $ 170,000 At an auction in Beijing earlier this month. Many of the most affordable versions of the statue later came out of the stocks in China Mainland.

“We have seen some such trends before … it seems that there is always a nice thing that people should have,” Jacob Cook, co -founder and CEO of WPIC Marketing + Technologies. The company helps foreign brands – such as Vitamix, which is clinical – online sale in China and other parts of Asia.

He pointed to the interest last year in the stuffed Capybara games. Chinese retail stores MerisoThat also has stores in the United States and other countries, was one of the main sellers of stuffed animal.

Cooke Pop Mart saw as “more lucky than anything else”, although he indicated that it reflects an increasing interest in games not only for children but also adults.

It indicates increasing popularity of its games, Pop Mart’s External sales In 2024, it already exceeded the total sales of the company in 2021.

The company informed the total sales, in the first place, of 4.49 billion yuan (624.6 million dollars) in 2021. In 2024, sales abroad exceeded to reach 5.1 billion yuan, an increase of 373 % over a year, while China sales rose to 7.97 billion yuan.