BUZZ-China's Li Ning rises most in near 5 months on higher dividend

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BUZZ-China's Li Ning rises most in near 5 months on higher dividend

Reuters03-28

** Shares of China's home grown sportswear group Li Ning Co Ltd 2331.HK rise 6.7% to HK$18.24, on course for the biggest one-day gain since November 5, 2024

** Stock touches the highest since March 20; top pct gainer on Hang Seng Index .HSI, which slips 0.5%

** Li Ning said its 2024 net profit attributable fell 5.5% y/y at 3.01 bln yuan ($414.5 mln), while revenue rose 3.9% y.y at 28.68 bln yuan

** Co proposed a final dividend of 0.2073 yuan per share, vs 0.1854 yuan in a year ago period, bringing the annual dividend to 0.5848 yuan per share, or total dividend payout ratio of 50% as compared to 45% in 2023

** Citi, with "Buy" rating, says Li Ning's 2024 net profit is in-line with forecast

** Stock up 10.6% YTD

($1 = 7.2625 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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top pct gainer on Hang Seng Index .HSI, which slips 0.5% ** Li Ning said its 2024 net profit attributable fell 5.5% y/y at 3.01 bln yuan ($414.5 mln), while revenue rose 3.9% y.y at 28.68 bln yuan   ** Co proposed a final dividend of 0.2073 yuan per share, vs 0.1854 yuan in a year ago period, bringing the annual dividend to 0.5848 yuan per share, or total dividend payout ratio of 50% as compared to 45% in 2023** Citi, with \"Buy\" rating, says Li Ning's 2024 net profit is in-line with forecast ** Stock up 10.6% YTD  ($1 = 7.2625 Chinese yuan renminbi) (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}