Pop Mart International Likely to Face Continued Headwinds
Dow Jones
Aug 21
0352 GMT - Pop Mart International is likely to face continued earnings headwinds, according to Jefferies analysts in a research note. The Labubu doll maker's results for the first half of the year were disappointing, they note. The company's management has acknowledged a more difficult-than-expected operating environment, with 2H facing a particularly tough base of comparison, especially in 3Q, Jefferies points out. Jefferies downgrades the stock to hold from buy, and cuts the target price to 146.00 Hong Kong dollars from HK$227.60. Shares last traded at HK$148.00.
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