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Express News | Morgan Stanley has slightly lowered Li Ning's target price to HKD 13.8, challenging its sustainability.
Morgan Stanley slightly lowered the target price of Li Ning (02331.HK) to 13.8 yuan and challenged the continuation.
JPMorgan released a research report indicating that Li Ning's (02331.HK) first-half profit will decline by 10% YoY. Meanwhile, sales are expected to grow by 1%, gross margin is expected to increase by 0.8 percentage points, and sales and administrative expenses are expected to rise by 1.8 percentage points. The bank predicts that Li Ning's retail sales in the second quarter of this year will remain steady or slightly increase, with offline business performance lagging behind online business and reflecting a relative decline in market share compared to peers. JPMorgan stated that in the context of macroeconomic and industry challenges, a single-brand strategy will face more uncertainty compared to a multi-brand portfolio strategy. Based on Li Ning's retail sales performance in the second quarter of this year.
Express News | TopSports has been selected in the Fortune China 500 list.
Hong Kong Stock Concept Tracking | The Paris Olympics will open on July 26, and the footwear sector's downstream inventory will basically end (with concept stocks)
Based on the tracking of orders from manufacturing companies, there is no need to worry about the recovery trend of orders, especially the leader's logic of grabbing market share and expanding customer base is worth looking forward to.
Juejin Paris Olympics | Global enterprises actively participate, can the centennial event regain its glory?
For the centenary Olympics itself and the market participants involved in it, this year's Paris event is an important "gamble". Faced with heavy pressure, the host's race design is quite bold, and global companies in various industries have also increased their investment. Obviously, not all bets can be profitable, and investment in the Olympics is no exception.
Goldman Sachs lowered Li Ning's (02331.HK) target price to 21 yuan, slightly reducing profit forecasts.
Goldman Sachs lowered Li Ning's (02331.HK) target price to 21 yuan, slightly reducing profit forecasts.
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