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Li Ning Target Price Lowered to HK$20.30 From HK$20.90 by Nomura>2331.HK
[Brokerage Focus] Goldman Sachs cuts LI NING (02331) Target Price by 14.4% but expects its future growth to be modest.
Jinwu Financial News | Goldman Sachs has released a research report analyzing and predicting the development prospects of LI NING (02331). The firm maintains its Net income forecast for fiscal year 2024 and the second half of the year, while lowering its forecasts for fiscal years 2025-2026 by 7%-11%. This is mainly due to slower sales growth, increased brand investment, and a reduction in some operational leverage. Although retail sales for 2024 are expected to achieve low to mid-single-digit growth driven by online business, the offline sales are also expected to turn positive from negative, yet discount pressures persist. Goldman Sachs believes that LI NING Company is likely to achieve its set goals in 2024.
Hong Kong stocks movement | LI NING (02331) surged over 3% in the late session as the sports brand accelerates its overseas expansion efforts, partnering with Sequoia to explore overseas Business.
LI NING (02331) surged over 3% in the closing session, up 3.04% as of the time of writing, priced at 16.28 Hong Kong dollars, with a transaction volume of 0.292 billion Hong Kong dollars.
Zhizhong Hong Kong Stock Short Selling Statistics | January 6th
Hong Kong Stock short selling Statistics | January 6.
Express News | BlackRock's Long Position in Li Ning Increases to 5.06% on Dec 25 From 4.55% - HKEX
LI NING (02331.HK) issued 0.2174 million shares due to the exercise of stock options.
Gelonghui, December 30: LI NING (02331.HK) announced that on December 30, 2024, 0.2174 million new shares will be issued according to the share option plan adopted by the company on May 30, 2014.