$POP MART(09992.HK) is somewhat similar to Xiaomi's share repurchase, both being a forced bottoming-out by the company. However, Xiaomi's product strength is solid and it's continuously addressing its weaknesses. Pop Mart's exaggerated drop over the past two days, coupled with the positive news of the repurchase, might lead to some recovery. But from a long-term perspective, it's not a big issue to be bearish. Once a trend passes, it's gone for good and won't come back, like sneakers and Disney dolls.
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