Changes in Hong Kong stocks | Xiying-W (00625) rose more than 9%. The peak sales season in Q4 is expected to drive a sharp increase in order volume, and Goldman Sachs gives a target price of HK$62

The Zhitong Finance App learned that Xiyin-W (00625) rose more than 9%. As of press release, it had risen 8.8% to HK$35.84, with a turnover of HK$438.52 million.

According to the news, Goldman Sachs released a research report saying that it covered the fast fashion platform Xiyin for the first time and gave it a “buy” rating, with a target price of HK$62. The bank pointed out that Xiyin has strong cash balances, free cash flow generation capacity, potential profit recovery in 2027, upward market share and attractive valuations. It believes that the current pressured valuation reflects market expectations that the company will continue to burn money. Its market value of US$18 billion is only equivalent to 118% and 104% of the projected cash balances for the first half of 2026 and 2027, respectively, which is excessive pessimistic.

At the end of last month, Xiying handed over its first interim report since listing: total order volume reached 549 million orders, up 6.4% year on year; net revenue of US$201 million, up 1.0% year on year; and adjusted net profit of 499 million US dollars. Looking ahead to the second half of the year, the company expects the external environment to remain uncertain. However, the fourth quarter covers Double Eleven, Black Friday, Cyber Monday, and the Christmas season — the most important promotion window for the whole year, which is expected to drive a significant increase in order volume.