Chinese toy developer Pop Mart jumps most in 11 mths after strong Q3

Reuters2021-11-02

** Shares of Chinese pop toy products developer and provider Pop Mart International Group Ltd jump 15.5% to HK$56, their biggest daily pct gain since Dec 2020 debut

** Stock hits the highest since Oct. 8, the biggest pct gainer on Hang Seng Composite Index and the sixth biggest pct gainer on the Hong Kong bourse

** Beijing-based co says Q3 overall rev grew 75%-80% y/y - retail stores rev up 40%-45%, roboshops rev rose 20%-25%, and e-commerce platforms rev jumped 125%-130%

** Says it opened 35 new offline retail stores in mainland China during Q3, bringing total to 250 as end-Sept; also added 210 new roboshops, increasing the total to 1,687

** The Hang Seng consumer goods and services index rises 0.9%, and the Hang Seng Composite Index gains 0.5%

** The Hang Seng China Enterprises Index and the benchmark index both climb 0.7%

** As of last close, the stock fell 40.4% this year

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