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<Research>JPM Keeps Underweight on LI NING; Challenges Remain Ahead This Yr
Recommend 15 Positive 18 Negative 14 |
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While LI NING (02331.HK) requires more time for recovery, JPMorgan acknowledged the efforts of its management to inject new vitality into the brand. The company is expected to see a low earnings base following declines in earnings by 22%, 6%, and 9% from 2023 to 2025. JPMorgan anticipates only a mild increase of 2% in LI NING's earnings for 2026, a performance worse than the expected earnings increase of over 10% in ANTA SPORTS (02020.HK) and XTEP INT'L (01368.HK). The broker has kept LI NING's target price at HKD14.6 and the rating as Underweight. AAStocks Financial News |
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