[ET Net News Agency, 20 November 2019] Daiwa Research lifted its target price for Li
Ning (02331) to HK$30 from HK$20.5 and upgraded its rating to "buy" from "hold" on a
brighter outlook.
The research house has been cautious about Li Ning's share-price rally on valuation
grounds, but Daiwa sees revenue and earnings growth momentum to sustain over the next two
years, while the company continues to reap the benefits of efficiency gains.
Daiwa revised up its 2020-21 EPS forecasts for Li Ning by 16-27%, as it sees a stronger
sales growth trajectory in the near-to-medium term, thanks to the likely continued
wholesale demand for China Li Ning products, as well as a potential improvement in store
efficiency. (KL)
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02331 LI NING
Nominal 
17.460 -0.660 (-3.642%) Research Report
20/11/2019 10:25
{I-bank focus}Daiwa upgrades Li Ning (02331) to HK$30
| Remark: | Real time quote last updated: 16/04/2024 17:21 |
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