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<On Move>POP MART Erodes ~6% to Log ~1-yr-low Amid Short Selling Pressure w/ Active Trading
Recommend 17 Positive 17 Negative 18 |
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POP MART (09992.HK) continued its downtrend from the previous day, and significantly declined after opening flat today (16th). The stock bottomed at $176.4, setting a nearly 1-year-low since early February 2025. It last printed at $178.4, down 5.71%, with active trading volume of 12.7731 million shares, involving $2.325 billion. From this Monday to Thursday (12th-15th), the short selling ratio for POP MART ranged between approx. 28% and 36%. BofA Securities recently said that it expects POP MART to have multiple growth drivers this year based on its channel survey results. The broker has kept unchanged the 2026 growth forecast of over 30% for the Group. It believes the market consensus on the Group's revenue and adjusted net profit forecasts has only limited downside risk, since the significant stock price pull-back and valuation reduction have already reflected the market's lower expectations for its performance. BofA Securities' rating for POP MART remains Buy, alongside a target price of $300. AASTOCKS Financial News Website: www.aastocks.com |
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