On July 21, Pop Mart declined 3.05% in regular trading, trading at 159.0 HKD/share, with turnover of approximately HKD 916 million. The stock faced sustained selling pressure as bearish forces continued to build.
On the news front, short-selling activity on the previous trading day reached HKD 523 million, accounting for 29.44% of total turnover, indicating significant bearish sentiment. Deutsche Bank previously issued a bearish report highlighting that flagship IP Labubu 4.0 products saw secondary market prices fall below RMB 50 within just one week of launch, signaling weakening IP momentum. The bank estimated Q3 group revenue could decline approximately 35% year-over-year, with full-year revenue projected to drop 6% to RMB 35 billion.
Additionally, LABUBU new regular-edition products have experienced price breaks below issue price in the resale market, eroding the historically high premium narrative and intensifying market concerns over the sustainability of the company's growth trajectory.
(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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