0706 GMT - Li Ning's sales and profitability could face more headwinds in 2Q-3Q due to macroeconomic uncertainties and intense competition in the sportswear sector, Nomura analysts say in a note. The Chinese sportswear company has seen sales sentiment weaken in March-April, after reporting better-than-expected sales performance in January-February, the analysts write. Li Ning's earnings could also be weighed by its mid-to-long-term investments, including rising research and development expenses, they say. Nomura trims the stock's target price to HK$16.20 from HK$17.40, with an unchanged neutral rating. Shares are 2.8% lower at HK$14.58.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 03:06 ET (07:06 GMT)
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