On September 22, SHEIN-W rose 3.34% in regular trading, trading at 38.38 HKD/share, with turnover of approximately HKD 2.88 million. The rebound comes after a prolonged sell-off since the company's September 1 IPO at 48.56 HKD/share.
On the news front, the company announced that its board will convene on September 28 to review and approve the interim report for the six months ended June 30, and to consider a proposed interim dividend. The company has previously indicated a target post-IPO dividend payout ratio of no less than 50%, drawing investor attention ahead of the meeting. Additionally, SHEIN-W was formally included in the Hang Seng Composite Index effective September 15, a move analysts believe could attract passive fund allocation and broaden its institutional investor base.
Notably, the stock had fallen sharply since listing, with Jefferies initiating coverage with an \"underperform\" rating and a 26 HKD target price. Huaxi Securities, however, issued a \"buy\" rating, projecting revenue of USD 43.4 billion for the current fiscal year and forecasting gradual profit recovery driven by emerging market expansion and platform monetization.
SHEIN International Holdings Limited is a global online fashion and lifestyle retailer offering apparel, footwear, accessories, beauty, and home products under brands including SHEIN, MOTF, and SHEGLAM, with operations spanning domestic and overseas markets.
(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.)
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