Movement Alert｜Pop Mart Falls 3.03% in Regular Trading, Deutsche Bank Sharply Cuts H2 Revenue Forecast and Warns of IP Cycle Peaking

Market Focus07-09

On July 9, Pop Mart fell 3.03% in regular trading, trading at 149.8 HKD/share, with turnover of 998 million HKD.

On the news front, Deutsche Bank released a research report significantly downgrading its outlook for Pop Mart's second-half performance. The bank noted that flagship IP Labubu 4.0's secondary market prices fell below 50 yuan within just one week of launch, signaling weakening IP momentum, while promotional destocking efforts have spread across multiple markets.

Deutsche Bank estimates that Q3 group revenue could decline approximately 35% year-over-year, with Q4 seeing an 18% decline, resulting in a full-year revenue drop of 6% to 35 billion yuan. The bank maintains a Sell rating with a target price of 140 HKD. Current short interest stands at 12.67% of the free float, with securities lending utilization at 92.4%, indicating intensified bull-bear confrontation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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