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Li Ning Company: Buy Rating Affirmed Amid Operational Resurgence and Strategic Growth Initiatives

Li Ning Company: Buy Rating Affirmed Amid Operational Resurgence and Strategic Growth Initiatives

Walter Woo, an analyst from CMB International Securities, maintained the Buy rating on Li Ning Company. The associated price target was raised to HK$23.02.

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Walter Woo has given his Buy rating due to a combination of factors that suggest potential for Li Ning Company despite current challenges. The company’s net profit showed a year-over-year decline in the first half of 2025, yet there was a resurgence in core operating profit, indicating a positive shift in the company’s operational efficiency.
Moreover, while there are concerns about retail discounts and store closures due to weak performance from July to mid-August 2025, Li Ning’s management has maintained their guidance for the fiscal year 2025. This includes expectations for stable sales growth and a healthy net profit margin. The company’s efforts to enhance product lines and introduce new offerings are seen as potential growth drivers, although they may be tempered by a challenging economic environment and a potential slowdown in e-commerce. Despite these hurdles, the brand’s intrinsic value and strategic initiatives underpin the Buy rating.

In another report released yesterday, DBS also reiterated a Buy rating on the stock with a HK$25.20 price target.

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