HK-listed Shein hits fresh low after quarter profit drops

SHEIN Global Holdings

29/09/2026 04:51

** Shares of fast-fashion platform Shein Global Holdings 0625.HK drop 13.9% to HK$30.36
** Stock's lowest level and biggest one-day pct fall since debut in Hong Kong on September 1
** Company reported a 67% fall in quarterly profit on Monday in its first results as a public company, fuelling investor concerns over margin pressure and slowing growth
** Jefferies, with "underperform" rating, trims price target to HK$23 from HK$26, saying 1H26 group revenue was in line, but regional mix deteriorated, and margin pressure was the story 
** "Margin pressure builds before the EU parcel change lands," Jefferies said, adding, "We see scope for FY26/27 consensus to move lower".
** Since market debut, Shein stock down 36.3% from the offer price of HK$48.56
** YTD, benchmark Hang Seng Index .HSI down 4.4%



 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))