Weekly Recap | Yatsen -12.5%, skincare growth alongside wider loss
Weekly Review·
- Yatsen Holding Limited experienced a weekly stock decline of 12.5% to close at 2.66 USD amid lower trading volume.
- The second-quarter financial report showed a net revenue increase of 5.1% to 1.14 billion CNY and a skincare business surge of 40.4%, while net loss expanded to 90.8 million CNY.
- Institutional analysts maintain a strong buy rating with a consensus target price of 4.0067 USD, as market participants await third-quarter profitability improvements.
