Market Signal

Shein Quarterly Profit Drops 67% as ASX Stocks Transurban and ResMed Hit Lows

Sourced from 2 publications

  • •Shein's quarterly profit fell 67% and its profit margin narrowed from 6.2% to 2.1%, per The Business Times.
  • •Transurban Group hit a 52-week low on the ASX, down 17%, with a projected dividend yield of 5.6%.
  • •ResMed traded around $31.62 on the ASX amid scrutiny of its valuation against earnings forecasts.
  • •The three stock declines are unrelated events across different sectors and geographies.

Sources

Is the ResMed share price a cheap buy?

Fool

Down 17%, is this top ASX passive income stock a strong buy at its 52-week low?

Fool

Shares of fast-fashion platform Shein fall 10% after quarterly profit slides 67%

Businesstimes

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Curated from 2 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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