HK-listed Pop Mart climbs after it buys back shares

Pop Mart International

27/03/2026 04:04

** Pop Mart says it bought back 3.94 mln shares at price ranging HK$148.4 to HK$157.8 each for HK$599.71 million ($76.60 million) on March 26

** Shares of Pop Mart International Group 9992.HK climb as much as 4.1% to HK$156.9

** Beijing-based maker of collectible "blind box" toys, including the viral Labubu, plunged 30.6% in the last two trading days on missing analysts' estimate

** Morningstar says PopMart has conducted several buybacks since January, so the incremental boost on share price is likely limited, and says the move may improve market sentiment but does not resolve investor concerns about decelerating earnings growth

** "In our view, sustained international expansion and further diversification of its business will be more effective in underpinning Pop Mart’s share price over time" - Morningstar

** YTD, stock down 19.6%, benchmark Hang Seng Index .HSI down 2.7%

($1 = 7.8287 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))