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On March 25th, Pop Mart (09992.HK) held its 2025 annual results press conference. Chief Operating Officer Si De stated that LABUBUs celebrity friends will continue their "global travels," appearing at the World Cup in June and participating in the 100th Macys Thanksgiving Day Parade at the end of the year. Looking at the medium- to long-term plan, LABUBU will also have content formats such as picture books and movies, all currently in the preparation stage. Wang Ning, Chairman and CEO of Pop Mart, stated at the 2025 annual results press conference that the company aims to achieve a growth rate of no less than 20% in 2026.On March 25th, Morgan Stanley issued a report stating that Lao Pu Gold (06181.HK) performed strongly in the first quarter of this year, and its earnings per share for the first half of the year are expected to double year-on-year. The stock is attractively valued, currently trading at a forward P/E ratio of 13x for 2026, with upside risk to the earnings forecast. Management did not comment on fundraising needs but acknowledged tight cash flow. The bank believes that the recent sharp decline in gold prices has brought uncertainty to market demand, but it is also a good opportunity to test whether its brand strength can support a continued revaluation. Morgan Stanley raised its revenue and net profit forecasts for Lao Pu by 13% to 14% respectively, expecting year-on-year growth of 55% and 66% in 2026, reaching RMB42 billion and RMB8 billion respectively. Morgan Stanley maintained its target price for the group at HKD1010, but due to gold price volatility and demand uncertainty, lowered the target P/E ratio from 23x to 20x, maintaining an "overweight" rating.On March 25, the Peoples Bank of China issued the third tranche of central bank bills for 2026 through the Hong Kong Monetary Authoritys Central Moneymarkets Unit (CMU) bond bidding platform via interest rate bidding. The issuance amounted to 60 billion yuan, with a maturity of 6 months and a winning bid rate of 1.48%.Shares of Pop Mart (09992.HK) in Hong Kong fell as much as 21% to HK$171.1. The news comes as Pop Marts net profit for 2025 is projected to surge 308.8% year-on-year, but revenue is below expectations.According to Japans Jiji Press, Japanese Prime Minister Sanae Takaichi has requested International Energy Agency Executive Director Fatih Birol to release additional oil reserves.

Musk Plans to Double Twitter's Annual Revenue to $26.4 Billion by 2028

Aria Thomas

May 07, 2022 10:09

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Elon Musk aims to grow Twitter (NYSE:TWTRannual )'s revenue to $26.4 billion by 2028, up from $5 billion last year, according to a pitch deck delivered to investors, as reported by The New York Times on Friday.


According to the research, advertising will account for 45 percent of overall revenue under Musk, down from 90 percent in 2020, creating $12 billion in revenue in 2028, while subscriptions would provide an additional $10 billion.


According to the presentation, the CEO of electric vehicle manufacturer Tesla (NASDAQ:TSLA) Inc also intends to raise Twitter's cash flow to $3.2 billion in 2025 and $9.4 billion in 2028.


Musk closed a deal to acquire Twitter for $44 billion in cash last month, thereby gaining control of the social media site populated by millions of users and world leaders.


The billionaire has pledged to resuscitate the company and increase its user base by cracking down on spam bots and eliminating moderation to allow for more "free speech."


Musk is poised to become Twitter's interim CEO following the closing of the purchase, a source familiar with the subject told Reuters on Thursday.


According to a memo obtained by the New York Times, Musk expects the social media company to generate $15 million from a payments business in 2023, which will increase to approximately $1.3 billion by 2028.


According to the report, Musk believes he can improve Twitter's average revenue per user to $30.22 in 2028 from $24.82 last year. He also anticipates that Twitter will have 11,072 employees by 2025, up from approximately 7,500 today.


According to the New York Times, Twitter Blue, the company's premium membership service established last year, is projected to have 69 million subscribers by 2025.


Musk recommended last month, in a now-deleted post, a number of modifications to the social media giant's Twitter Blue premium subscription program, including a price reduction.


Musk identified on Thursday a group of prominent investors willing to offer $7.14 billion in finance for his Twitter proposal, including Oracle (NYSE:ORCL) co-founder Larry Ellison and Sequoia Capital.


Musk has boosted the finance commitment to $27.25 billion, which includes commitments from 19 investors, and decreased the margin loan connected to his Tesla stock from Morgan Stanley (NYSE:MS) to $6.25 billion. He has already had loan pledges for $13 billion secured by Twitter shares.


Musk was unavailable for comment. Twitter did not react immediately to a request for comment from Reuters.

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