The shares of sporting goods companies rose broadly, with LI NING (02331) increasing by 4.29%. Institutions are bullish on the expansion and development of the domestic sportswear market.
Jingwu Financial News | Sporting Goods stocks rose broadly, with LI NING (02331) up 4.29%, ANTA SPORTS (02020) up 3.87%, XTEP INT'L (01368) up 2.23%, YUE YUEN IND (00551) up 2.13%, and CHINA DONGXIANG (03818) up 1.32%. In terms of news, Huaxin Securities stated that policies promote the construction of high-quality outdoor sports destinations, which is expected to create new growth in demand for sports apparel and equipment. The National Development and Reform Commission and the General Administration of Sport released the "Guiding Opinions on Building High-Quality Outdoor Sports Destinations," which clearly states that by 2030, nationwide construction...
Guosen: Changes in competitive trends of sports brands for 2024 and outlook for 2025.
Against the backdrop of a continued increase in domestic residents' participation in sports, the advantages of functional product growth are expected to continue, with brands that have product word-of-mouth effects and Technology upgrades benefiting from growth dividends.
Hong Kong stocks moving | LI NING (02331) rises over 6% becoming a new partner of the Chinese Olympic Committee for the new cycle. Citigroup expects its revenue growth to accelerate significantly next year.
LI NING (02331) has risen over 6%, currently up by 6.17% to HKD 16.52, with a trading volume of 0.137 billion HKD.
【Brokerage Focus】Bank of America Securities: Different trends are observed in various sectors of the Chinese economy before the Spring Festival.
Goldwing Financial News | Bank of America Securities released a report indicating that China's economy has shown different development trends in various fields before the Spring Festival. Regarding the Spring Festival travel rush, the travel rush will start on January 14, 2025, with an expected passenger volume of 9 billion across railroads, highways, aviation, and waterways within 40 days. As of January 22, domestic passenger traffic reached 1.85 billion, a year-on-year increase of 5.4%, and 8.9% higher than the same period in 2019. In the first week of the travel rush, flight passenger numbers increased by 26.3% and 7.5% compared to 2019 and 2024 respectively, but as of January 18, ticket prices decreased by 3.3% year-on-year and 5% month-on-month.
[Brokerage Focus] Guosen maintains a "Buy" rating for LI NING (02331), bullish on the company's product competitiveness, expecting the footwear category to drive growth.
Jinwu Finance | Guosen Securities released a research report indicating that on January 15, 2025, the Shanghai United Property Exchange officially announced that LI NING (02331) (China) Sporting Goods Co., Ltd. has been selected as a partner for the sports outfits cooperation project for the China sports delegation for the 2025-2028 period; the LI NING brand will become the official sports outfits partner of the Chinese Olympic Committee and the China sports delegation from 2025 to 2028. Recently, ANTA, TEBE, and 361 DEGREES have sequentially disclosed their revenue for the fourth quarter and the entire year of 2024, with the fourth-quarter revenue growth generally accelerating compared to the third quarter. The bank noted that LI NING's fourth-quarter performance is rising quarter-on-quarter.
The LI NING brand has become the official Sports Outfits partner for the China Olympic Committee and the China Sports Delegation from 2025 to 2028.
On January 15, 2025, the Shanghai United Property Exchange officially announced that LI NING has been selected as a partner for the sports outfit cooperation project of the China Sports Delegation for 2025-2028.
