Citigroup Inc.C
Mentioned
Impact on stocks 1
Digital Finance & Tokenization
Citigroup Inc.Pop Mart shares fall 3% after overseas sales shrink; Citi cuts target
EarningsAnalyst
Pop Mart International Group closed down 3.06% in Hong Kong at 149.00 Hong Kong dollars after reporting first-half results showing a contraction in overseas sales, even as total revenue rose 23.8% to 17.17 billion yuan. Revenue in China jumped 47.3%, but Asia Pacific excluding China fell 9.7% and the Americas shrank 16.5%. Citi said the results were below expectations, with overseas sales down 11% year on year, and cut its 2026 revenue forecast by 8% while lowering its target price to 198 Hong Kong dollars. Management acknowledged that the 2026 revenue growth target of 20% is becoming harder to achieve amid rising challenges and competition.
Citigroup Inc.