China Merchants Securities (Hong Kong): maintain Li Ning's "buy" rating with a target price of HK $80.7
China Merchants Securities (Hong Kong) said in a research report that it maintained Li Ning's "buy" rating, raised its target price to HK $80.7, and maintained its forecast of a compound growth of 35.2% in earnings per share in the next three years. According to the report, a recent survey of a large-scale Li Ning dealer found that Li Ning has achieved strong sales growth in the past two months. Gmv in April increased by + 120% compared with 2020 and + 60% compared with 2019. Gmv in May increased by + 50% compared with 2020 and + 35% compared with 2019, which greatly exceeded the dealer's expectation.
This text is a result of machine translation.
Related companies：
Briefing Feb 01, 2022 12:29 PM
· Consumer Staples
The SPAC initiated by Li Ning applied to the Hong Kong stock exchange for listing
In-depth
Financials, Consumer Discretionary, Consumer Staples
Is the U.S. TikTok the biggest opportunity for going global in 2024?
TikTok, a short-video social platform under ByteDance, made its debut in May 2017 and has since become a global phenomenon with over 1 billion active users worldwide.
Jan 16, 2024 06:05 AM
Briefing Nov 18, 2021 08:39 AM
· Consumer Staples
CSC: the short-term growth of sportswear is under pressure, and the long-term boom continues
Dec 11, 2023 08:49 PM
Apr 25, 2022 01:02 PM
Research
Consumer StaplesChina’s Food and Beverage Industry in Search of Methods to Shrink its Carbon Footprints
Apr 19, 2022 11:38 PM
Jun 29, 2021 11:48 PM
Briefing Sep 23, 2021 01:10 PM
· Consumer Staples
Hong Kong sporting goods stocks continued to decline
Briefing Sep 02, 2021 03:05 PM
· Consumer Staples
The sports sector of Hong Kong stocks fell, and Li Ning fell nearly 5%
Briefing Aug 13, 2021 07:20 AM
· Consumer Staples
Li Ning: the net profit attributable to the parent company in the first half of the year was 1.962 billion yuan, a year-on-year increase of 187%
Briefing Jul 28, 2021 10:55 AM
· Consumer Staples
Hong Kong sporting goods stocks rose intraday, with Li Ning up more than 11%, Anta Sports up more than 7% and Tebu international up nearly 7%.
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
“Go Global or Go Down”.A new wave of Chinese culinary expansion overseas has emerged, with an increasing number of Chinese restaurant brands stepping onto the international stage. While Southeast Asia and Europe and America remain primary territories for Chinese cuisine abroad, Latin America, the farthest from China, also eagerly anticipates the arrival of Chinese restaurant brands, longing to experience the unique charm of Chinese cuisine.
Apr 23, 2024 02:21 PM
Briefing Jul 15, 2021 10:03 AM
· Consumer Staples
Hong Kong Sports Goods stocks were strong, with Tebu international up 6.43%
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM