Li Ning Likely to Post Profit Drop for 2023 -- Market Talk

Dow Jones03-13

0741 GMT - Li Ning's net profit likely fell last year as it dealt with low consumer demand and rising competition, Citi analyst Xiaopo Wei writes in a research note. Like other Chinese sportswear brands, Li Ning's pivot toward direct sales versus third-party sales has increased its exposure to retail customers and weighed on earnings, Wei says. Looking ahead, Li Ning could face stiffer competition from local rivals who have Olympics-related sponsorships, resulting in weaker-than-expected topline growth and Ebit margin pressure this year, he adds. However, Li Ning will likely be more cautious in planning its wholesale revenue; as such, topline revenue for 2024 is still expected to rise slightly, he says. Citi has a buy call on the stock with a HK$9.40 target. Shares are 3.4% lower at HK$21.35. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

March 13, 2024 04:05 ET (08:05 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2419579402?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-13 16:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2419579402","market":"sg","top_or_hot":-1,"title":"Li Ning Likely to Post Profit Drop for 2023 -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0741 GMT - Li Ning's net profit likely fell last year as it dealt with low consumer demand and rising competition, Citi analyst Xiaopo Wei writes in a research note. Like other Chinese sportswear brands, Li Ning's pivot toward direct sales versus third-party sales has increased its exposure to retail customers and weighed on earnings, Wei says. Looking ahead, Li Ning could face stiffer competition from local rivals who have Olympics-related sponsorships, resulting in weaker-than-expected topline growth and Ebit margin pressure this year, he adds. However, Li Ning will likely be more cautious in planning its wholesale revenue; as such, topline revenue for 2024 is still expected to rise slightly, he says. Citi has a buy call on the stock with a HK$9.40 target. Shares are 3.4% lower at HK$21.35. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2024 04:05 ET (08:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>Li Ning Likely to Post Profit Drop for 2023 -- Market Talk</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nLi Ning Likely to Post Profit Drop for 2023 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-13 16:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0741 GMT - Li Ning's net profit likely fell last year as it dealt with low consumer demand and rising competition, Citi analyst Xiaopo Wei writes in a research note. Like other Chinese sportswear ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823426308.USD","symbol_name":"法巴中国股票基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2419579402","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2419579402","pubTimestamp":1710317100,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0741 GMT - Li Ning's net profit likely fell last year as it dealt with low consumer demand and rising competition, Citi analyst Xiaopo Wei writes in a research note. Like other Chinese sportswear brands, Li Ning's pivot toward direct sales versus third-party sales has increased its exposure to retail customers and weighed on earnings, Wei says. Looking ahead, Li Ning could face stiffer competition from local rivals who have Olympics-related sponsorships, resulting in weaker-than-expected topline growth and Ebit margin pressure this year, he adds. However, Li Ning will likely be more cautious in planning its wholesale revenue; as such, topline revenue for 2024 is still expected to rise slightly, he says. Citi has a buy call on the stock with a HK$9.40 target. Shares are 3.4% lower at HK$21.35. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"82331":"李宁-R","LU0823426308.USD":"法巴中国股票基金","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0823426480.USD":"法巴中国股票经典Dis","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","BK1610":"ETF&股票定投概念","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK1512":"体育用品","LU0048580855.USD":"富达大中华区A","POST":"Post Holdings","LU1102505762.USD":"富达新兴市场焦点 A","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","02331":"李宁","BK1502":"双十一","BK4212":"包装食品与肉类","BK1227":"服装、服饰与奢侈品","BK1589":"北水核心资产","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LNNGY":"李宁ADR","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD"},"translate_title":"李宁可能公布2023年利润下降——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"82331":0.6,"POST":1,"02331":0.9,"LNNGY":0.6},"content_text":"0741 GMT - Li Ning's net profit likely fell last year as it dealt with low consumer demand and rising competition, Citi analyst Xiaopo Wei writes in a research note. Like other Chinese sportswear brands, Li Ning's pivot toward direct sales versus third-party sales has increased its exposure to retail customers and weighed on earnings, Wei says. Looking ahead, Li Ning could face stiffer competition from local rivals who have Olympics-related sponsorships, resulting in weaker-than-expected topline growth and Ebit margin pressure this year, he adds. However, Li Ning will likely be more cautious in planning its wholesale revenue; as such, topline revenue for 2024 is still expected to rise slightly, he says. Citi has a buy call on the stock with a HK$9.40 target. Shares are 3.4% lower at HK$21.35. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2024 04:05 ET (08:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419579402"}