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Zhao Yin International: Maintains LI NING's "Buy" rating, Target Price raised to HKD 19.81.
CMB International released a Research Report stating that LI NING (02331) achieved results in line with market expectations for the 2024 fiscal year, while the operating figures for the fourth quarter of 2024 slightly exceeded expectations. Looking ahead, the company has presented conservative guidance for the 2025 fiscal year and plans to increase future investments; on the other hand, the operational figures for the first quarter have already shown a trend of improvement. Therefore, even though the current valuation is relatively high, the bank tends to believe that the worst situation should have already passed and maintains a ‘Buy’ rating. The Target Price has been slightly raised from HKD 19.58 to HKD 19.81.
Li Ning Could Continue Facing Headwinds This Year -- Market Talk
Li Ning Cut to Neutral From Buy by Nomura >2331.HK
Positive Outlook for Li Ning Company Amid Strategic Growth and Margin Stabilization Efforts
Through the 2024 Earnings Reports, we see the stability and progress of LI NING (02331.HK).
The year 2024 is a major year for sports, with the earnings reports of athletic brands under focused scrutiny from the market. The leading Sporting Goods company in China, LI NING, lived up to expectations, delivering a report focusing on "steady advancement," with significant improvements in the brand's fundamentals and outstanding performance in several key Indicators, forming a unique Industry example. Meanwhile, LI NING has become the sponsor of the Chinese Olympic Committee for the new four-year Olympic cycle (2025-2028), marking a new starting point for breakthroughs, worthy of reassessment. In stability, it builds momentum, achieving leading Cash flow and inventory, and from the financial data perspective, LI NING's overall performance exceeds market expectations, continuing its stable Operation.
DBS Reaffirms Their Buy Rating on Li Ning Company (LNNGF)
