花旗：中国IP玩具板块后续走势分化偏好泡泡玛特(09992.HK)及布鲁可(00325.HK)

智通财经09-07 17:25

【花旗：中国IP玩具板块后续走势分化偏好泡泡玛特(09992.HK)及布鲁可(00325.HK) 】智通财经APP获悉，花旗发布研报称，布鲁可(00325.HK)于2026年上半年业绩后获上调盈利预测，因海外扩张及利润率表现优于预期;泡泡玛特(09992.HK)及名创优品(09896.HK)(MNSO.US)则因海外动能转弱及利润率受压而遭下调盈利预测。在2026年下半年预期偏低、基数偏高下，投资者对泡泡玛特更关注基数重置后是否出现环比改善。该行预计2026年第四季度可受季节性及组织能力举措逐步见效带动环比改善。

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花旗：中国IP玩具板块后续走势分化 偏好泡泡玛特(09992.HK)及布鲁可(00325.HK)

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花旗：中国IP玩具板块后续走势分化偏好泡泡玛特(09992.HK)及布鲁可(00325.HK)