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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.