Movement Alert|Pop Mart Falls 3.13% in Regular Trading, Core IP New Products Break Issue Price as Deutsche Bank Maintains Sell Rating

Market Focus07-06 10:00

On July 6, Pop Mart declined 3.13% in regular trading, trading at HKD 150.2/share, with turnover of HKD 985 million.

On the news front, Deutsche Bank maintained its sell rating on Pop Mart, citing core IP cycle entering a demand fatigue phase and projecting full-year revenue to decline approximately 2% year-over-year with a target price of HKD 140. Additionally, the recently launched LABUBU Retro Hair Salon series saw multiple standard editions drop over 30% below issue price within half an hour of release, with secondary market prices falling to around RMB 100 versus the RMB 159 retail price. Social media feedback indicated insufficient design innovation, with collectors becoming more rational.

The bearish pressure is compounded by elevated short interest at 12.67% of the free float, with securities lending utilization reaching 92.4%, signaling that nearly all available shares for shorting have been borrowed. The intense long-short battle continues as technical short squeeze risks coexist with fundamental headwinds from weakening IP momentum.

(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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