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<Research>CMBI Trims LI NING (02331.HK) TP to $22.17 on Healthy Outlook
Recommend 9 Positive 13 Negative 10 |
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The business outlook for LI NING (02331.HK) this year is constructive, mainly due to certain upsides on sales growth and margins, CMBI released a research report saying. CMBI remained optimistic about the Company's prospects, and expected the Company's performance to continue to improve. In addition, CMBI lowered its FY2024 to FY2026 net profit forecasts for LI NING by 11%/ 8%/ 8% each to reflect the Company's lower gains from other businesses, lower interest income, higher advertising and expenses and potential impairment losses, etc.. Therefore, CMBI trimmed its target price on LI NING from $24.86 to $22.17, with rating kept at Buy. AAStocks Financial News |
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