SHEIN-W (00625) Jumps Over 5% Again; JPMorgan Sets Target Price at HK$50 as Year-End Promotion Peak Approaches

Stock News11:50

SHEIN-W (00625) shares rose more than 5% again, up 5.12% as of press time to HK$36.14, with turnover of HK$20.142 million.

On the news front, JPMorgan initiated coverage on SHEIN's Class B shares with an "Overweight" rating. The target price was set at HK$50, implying 45% upside from its previous closing price.

Notably, SHEIN's year-end promotion warm-up period will officially kick off on October 19, followed by two major activity phases 鈥?Phase One and Phase Two 鈥?and finally conclude on December 27, lasting more than two months in total.

For "Black Friday and Cyber Monday" as well as other major promotional events, SHEIN will also launch special events for Double 11, Black Friday, Cyber Monday, and Double 12.

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