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Pop Mart Extends Record Slide After Analysts Cut Price Targets

Charlie Zhu, Daniela Wei, Lulu Shen
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⚡ Quantum Brief
Shares of the Chinese pop toy manufacturer plunged as much as 9.7% in early Hong Kong trading after multiple analysts slashed price targets and downgraded outlooks. The stock decline extends a record 23% drop from the prior session, with shares hitting HK$152 ($19.40), reflecting deepening investor concerns over the company’s financial health. Analysts cited weakening overseas expansion and over-reliance on its flagship Labubu franchise in full-year results as key drivers for the downgrades. The company’s struggles highlight broader challenges in sustaining growth beyond its core product line amid shifting global consumer demand. This marks the steepest sell-off since the company’s IPO, signaling potential long-term risks to its market dominance in the collectible toy sector.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Pop Mart International Group Ltd. shares fell as much as 9.7% after analysts cut price targets Bloomberg Terminaland downgraded their outlooks, citing signs of slowing overseas momentum and growing reliance on the company’s Labubu franchise in its full-year results. The Chinese pop toy maker’s stock dropped up to HK$152 ($19.4) in early Hong Kong trading. The decline follows a record 23% slump on Wednesday.

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Source: Bloomberg

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