Bank of America Securities Forecasts LI NING's Profit to Recover to High-Single-Digit Growth

Stock News

04/24

Bank of America Securities has released a research report stating that LI NING (02331) achieved mid-single-digit growth in retail sales for the first quarter of this year. The report noted a discrepancy between the company's quarterly retail sales growth rate and its full-year revenue, but expressed confidence that LI NING can achieve its target of high-single-digit growth in annual revenue. The bank anticipates that the company's profits will hit a low point in 2025 and recover to a high-single-digit growth level by 2026. Bank of America Securities reaffirmed its "Buy" rating on LI NING, with a target price of HK$25.

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The report noted a discrepancy between the company's quarterly retail sales growth rate and its full-year revenue, but expressed confidence that LI NING can achieve its target of high-single-digit growth in annual revenue. The bank anticipates that the company's profits will hit a low point in 2025 and recover to a high-single-digit growth level by 2026. Bank of America Securities reaffirmed its \"Buy\" rating on LI NING, with a target price of HK$25.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1589","symbol_name":"北水核心資產","start_time":0,"source_url":"","article_id":"1143411098","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143411098","pubTimestamp":1776996498,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Bank of America Securities has released a research report stating that LI NING (02331) achieved mid-single-digit growth in retail sales for the first quarter of this year. 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