Pop Mart 2026 Outlook Concerning -- Market Talk

Dow Jones

03/26

0401 GMT - Pop Mart, maker of the ugly-cute Labubu dolls, faces a challenging 2026 outlook following weaker 4Q performance, Deutsche Bank analyst Sammi Xu says in a note. A sequential deceleration in 4Q25, and the company's plan to launch Labubu 4.0 in 2H26 instead of 2Q26, suggests sales pressure may intensify as the base rises without the lift from the long CNY holiday. Deutsche Bank says it has turned cautious on Pop Mart, downgrading the stock to sell from hold and cutting the target price to HK$157 from HK$228. Shares are down 9.2% at HK$152.80. (venkat.pr@wsj.com)

(END) Dow Jones Newswires

March 26, 2026 00:01 ET (04:01 GMT)

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(venkat.pr@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 00:01 ET (04:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pop Mart 2026 Outlook Concerning -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPop Mart 2026 Outlook Concerning -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-03-26 12:01</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0401 GMT - <a href=\"https://laohu8.com/S/PMRTY\">Pop Mart</a>, maker of the ugly-cute Labubu dolls, faces a challenging 2026 outlook following weaker 4Q performance, Deutsche Bank analyst Sammi Xu says in a note. A sequential deceleration in 4Q25, and the company's plan to launch Labubu 4.0 in 2H26 instead of 2Q26, suggests sales pressure may intensify as the base rises without the lift from the long CNY holiday. Deutsche Bank says it has turned cautious on <a href=\"https://laohu8.com/S/POPMF\">Pop Mart</a>, downgrading the stock to sell from hold and cutting the target price to HK$157 from HK$228. Shares are down 9.2% at HK$152.80. (venkat.pr@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 00:01 ET (04:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823426308.USD","symbol_name":"法巴中國股票基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622888092","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622888092","pubTimestamp":1774497660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0401 GMT - Pop Mart, maker of the ugly-cute Labubu dolls, faces a challenging 2026 outlook following weaker 4Q performance, Deutsche Bank analyst Sammi Xu says in a note. A sequential deceleration in 4Q25, and the company's plan to launch Labubu 4.0 in 2H26 instead of 2Q26, suggests sales pressure may intensify as the base rises without the lift from the long CNY holiday. Deutsche Bank says it has turned cautious on Pop Mart, downgrading the stock to sell from hold and cutting the target price to HK$157 from HK$228. Shares are down 9.2% at HK$152.80. 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A sequential deceleration in 4Q25, and the company's plan to launch Labubu 4.0 in 2H26 instead of 2Q26, suggests sales pressure may intensify as the base rises without the lift from the long CNY holiday. Deutsche Bank says it has turned cautious on Pop Mart, downgrading the stock to sell from hold and cutting the target price to HK$157 from HK$228. Shares are down 9.2% at HK$152.80. (venkat.pr@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 26, 2026 00:01 ET (04:01 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}