Morgan Stanley: Raised Li Ning's target price to HK $99, rating overweight

金十数据2021-06-28

Morgan Stanley issued a report stating that Li Ning's (02331. HK) sales growth has driven profit improvement, and its net profit margin is expected to reach 18% by 2023. The company's single-brand strategy is the main factor of its strong operating leverage. Under the high sales base, it is believed that profits will still improve from 2022 to 2023, recording a 30% growth. It has an overweight rating and the target price has been raised from 71 yuan to 99 Hong Kong dollars. The bank estimates that Li Ning's revenue and retail sales will increase by 71% and 80% respectively in the first half of the year, and its gross profit in the first half is expected to increase by 3.2 percentage points to 52.7%, due to the reduction of discounts and incentives given to distributors....

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招财大佬
2021-06-28
招财大佬
?
梅西点球打飞
2021-06-28
梅西点球打飞
你自己增持去

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It has an overweight rating and the target price has been raised from 71 yuan to 99 Hong Kong dollars. The bank estimates that Li Ning's revenue and retail sales will increase by 71% and 80% respectively in the first half of the year, and its gross profit in the first half is expected to increase by 3.2 percentage points to 52.7%, due to the reduction of discounts and incentives given to distributors....</p><p><a href=\"http://hk.eastmoney.com/a/202106281975526156_0.html\">Web link</a></div></p>","source":"eastmoney_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley: Raised Li Ning's target price to HK $99, rating overweight</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley: Raised Li Ning's target price to HK $99, rating overweight\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2021-06-28 10:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Morgan Stanley issued a report stating that Li Ning's (02331. HK) sales growth has driven profit improvement, and its net profit margin is expected to reach 18% by 2023. The company's single-brand strategy is the main factor of its strong operating leverage. Under the high sales base, it is believed that profits will still improve from 2022 to 2023, recording a 30% growth. It has an overweight rating and the target price has been raised from 71 yuan to 99 Hong Kong dollars. 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