Hong Kong stocks unusual movement | Li Ning (02331) now rises more than 5%. The company previously introduced Sequoia China to establish a joint venture to layout overseas markets.
Li Ning (02331) is now up more than 5%, at 5.28%, trading at 16.76 Hong Kong dollars, with a turnover of 0.249 billion Hong Kong dollars.
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See the real chapter of business performance.
[Brokerage Focus] Haitong Securities maintains an "outperform the market" rating on Li Ning (02331), pointing to its further expanding influence in the professional sports market.
Jingu Finance News | Haitong Securities' research reports indicated that in the third quarter of 2024, Li Ning (02331) experienced a decline in offline sales and a stable performance in high-end offline sales compared to the second quarter. The e-commerce revenue maintained positive growth in the first three quarters of this year, with the securities firm determining that this is partly due to the shift of customer traffic from offline to online, and also because e-commerce channels with high cost performance ratios are more popular. Additionally, the firm determines that currently the company's high-level market stores will mainly focus on adjustments and closing a small number of stores, while there are still untapped markets at lower levels available for exploration, and franchise stores are expected to continue to be opened steadily. The firm mentioned that the company announced the establishment of a joint venture company with Redshirt Capital to handle the overseas operation and promotion of the Li Ning
Express News | BlackRock's Long Position in Li Ning Increases to 5.20% on Oct 24 From 4.17% - HKEX
[Special guest V] James Kwok: No breakthrough in the short term, the index remains at a level of 20,200 to 21,200 points.
King's Financial News | The performance of the US stock market was positive on Monday, with signs of geopolitical cooling, coupled with market expectations of strong performance by American companies, driving the overall market up. All three major indices closed with gains. The US dollar remained stable, with the yield on the ten-year Treasury rising to 4.28%, leading to a positive trend in gold prices, while oil prices showed a significant decline. Hong Kong stocks generally rose, with expectations of a higher opening following external market trends. The mainland stock market saw individual developments yesterday, with the Shanghai Composite Index opening lower and closing 0.7% higher, while the trading volume in Shanghai and Shenzhen also increased. Hong Kong stocks maintained narrow fluctuations, with the index hovering around the 20,500 point level, and trading in the overall market also significantly decreased.
[Brokerage Focus] Citi raises Li Ning (02331) target price by 21%, but remains relatively conservative on its guidance for the 24th fiscal year.
Golden Finance News | CMB International issued research reports stating that Li Ning (02331) had slightly better retail revenue in the third quarter of 2024 than market expectations. The e-commerce channel showed a more stable growth, reaching mid-single digits. The sales performance of functional products was better than that of fashion products (pressure on the "China Li Ning" series), while sales growth in outlets and non-outlets both slowed down. There is pressure on retail discounts and inventory. The company maintained its guidance for the 2024 fiscal year (low single-digit sales growth and low double-digit net income ratio), but the bank is more cautious, expecting only 2% sales growth and an 11% net income ratio. Although management emphasized October retail
