These are top 10 stocks traded on the Robinhood UK platform in July
Investing.com - Citi initiated coverage on Bloks Group Ltd (HK:325) with a Buy rating and a price target of HK$155.00 on Friday, citing the company’s leadership in the IP toy segment.
The Hong Kong-listed company has established itself as China’s largest assembly character toy company and the third largest globally in 2023, according to Citi’s analysis. Bloks Group’s growth has been fueled by securing licensing agreements with major properties including Ultraman in 2021 and TRANSFORMERS in 2022.
Citi highlighted Bloks Group’s competitive advantages in the licensed IP toy segment, pointing to its strong R&D capabilities, quality-for-money offerings, efficient new product launches, and supply chain efficiency. These factors have made the company a preferred partner for IP owners while creating barriers to entry for competitors.
The company currently maintains over 50 licensed IPs alongside two self-developed intellectual properties in its portfolio, positioning it as a leading player in China’s assembly character toy market.
Citi projects a 54% compound annual growth rate in adjusted net profit for Bloks Group from 2024 to 2027, driven by its expanding IP portfolio, growing product offerings, and global expansion initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.