Shares of Pop Mart International Group plunged the most in more than a month, likely underscoring some investor concerns over the Chinese toymaker’s upcoming quarterly business update.
The stock slumped as much as 8.1% in Hong Kong to be the worst performer on the Hang Seng China Enterprises Index.
Pop Mart is set to release its sales performance for the quarter ended September after the close of trading on Tuesday, according to a company representative.
The growth figures will be under spotlight as traders assess if the frenzy over its collectible toys has cooled.
“Some investors have incorporated a more conservative outlook on third-quarter revenue growth,” said Jeff Zhang, an analyst at Morningstar. “While most of Labubu and Twinkle Twinkle new products were sold out, year-on-year growth may have tapered off from the over 200% in the first half.”
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Chart: Bloomberg
