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Canada June retail sales MoM due in 10 minutes.
2026-08-21
Canada June retail sales MoM due in 10 minutes.
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2026-08-21
The onshore yuan closed at 6.7205 against the US dollar at 16:30 on August 21, up 34 points from the previous trading day.
The onshore yuan closed at 6.7205 against the US dollar at 16:30 on August 21, up 34 points from the previous trading day.
2026-08-21
CMB International says Pop Mart International Group (09992.HK) reported H1 profit 15–20% below market expectations, driven by a 10% drop in Americas sales. An adverse product mix compressed gross margin and intensified margin pressure. CMBI cuts Pop
CMB International says Pop Mart International Group (09992.HK) reported H1 profit 15–20% below market expectations, driven by a 10% drop in Americas sales. An adverse product mix compressed gross margin and intensified margin pressure. CMBI cuts Pop Mart 2026–2028 earnings forecasts by an average 25% and trims 2026–2028 sales forecasts by an average 17%, reflecting further downgrades to overseas sales after the H1 miss. It lowers gross-margin assumptions to reflect a structurally smaller overseas business share and raw-material cost pressure, reducing 2026/2027 gross-margin forecasts by 0.2ppt and 1.0ppt respectively. PT HK$121 based on 14x 2027 P/E. Recommendation: sell.
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