0235 GMT - Li Ning's lukewarm sales trend is likely to continue in 2H, Nomura analysts write in a research note. The Chinese sportswear company's 2Q operating data shows that retail sales across all channels rose by around 1% on year, largely within the market's low expectations, they say. Given the continued uncertainties regarding its sales, Li Ning's margin trajectory will be dragged by factors, including higher marketing costs, they add. Nomura maintains a neutral rating and target price of HK$16.20 on the stock, which is 2.6% lower at HK$15.64.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
July 14, 2025 22:35 ET (02:35 GMT)
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