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
Consumer Staples
The Billion-Dollar European Caviar Business, Now Disrupted by China
In the kitchen of a Michelin three-star restaurant in Beijing, the chef carefully opens a tin of black "treasures." Each translucent caviar pearl inside is immensely valuable, with prices reaching as high as 10,000 RMB per kilogram. Yet this "black gold" caviar does not come from the Caspian Sea or the Volga River. Instead, it originates from Quzhou, Zhejiang, China. This seemingly impossible fact marks a silent revolution in the Chinese caviar industry.
Nov 08, 2024 01:52 PM
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%
Consumer Staples · Analysis
The First Move of the U.S. Postal Service on Cross-Border E-commerce After Trump
"For many high-margin products, even with a 100% tariff, the cost of manufacturing in China is still far lower than local production. Therefore, from a business perspective, high-margin products will become a more prominent focus in cross-border trade. Companies should adjust their strategies to adapt to the new market environment." — Founder of a cross-border brand, interviewed by EqualOcean.
Feb 21, 2025 08:19 PM
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
Mexico Announces Creation of 35,000 Jobs for Mexicans Deported from the U.S. by Trump
On January 23, 2025, Mexican President Claudia Sheinbaum announced a plan to create 35,000 jobs for Mexican citizens deported as a result of U.S. President Donald Trump’s new round of deportation policies.
Jan 24, 2025 02:55 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
The First Move of the U.S. Postal Service on Cross-Border E-commerce After Trump
Feb 21, 2025 08:19 PM
Insight
In-depth
Insight
In-depth
Insight
In-depth
Automotive · Analysis
Shanghai and Shenzhen: The Dual-City Landscape and Corporate Power
Jan 09, 2025 03:35 PM