China International Capital Co (CICC) says Pop Mart (09992.HK) will feature its LABUBU IP at the 2026 US-Canada-Mexico World Cup opening ceremony, the first third-party IP to appear on a World Cup stage. CICC said the exposure should boost LABUBU and Pop Mart recognition in the Americas and globally and marks a step up in globalization for Chinese IP toy companies. CICC maintains adjusted net profit forecasts for Pop Mart of RMB13.3 bln for 2026 and RMB15.5 bln for 2027, notes the stock sits at

China International Capital Co (CICC) says Pop Mart (09992.HK) will feature its LABUBU IP at the 2026 US-Canada-Mexico World Cup opening ceremony, the first third-party IP to appear on a World Cup stage. CICC said the exposure should boost LABUBU and Pop Mart recognition in the Americas and globally and marks a step up in globalization for Chinese IP toy companies. CICC maintains adjusted net profit forecasts for Pop Mart of RMB13.3 bln for 2026 and RMB15.5 bln for 2027, notes the stock sits at historically low valuation, views the World Cup appearance as a short-term event catalyst and sees potential for medium-term earnings improvement. CICC reiterates Pop Mart as its industry top pick, PT HKD218, rating Outperform.