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    2331   KYG5496K1242

LI NING COMPANY LIMITED

(2331)
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Delayed Hong Kong Stock Exchange  -  04:08 2022-10-06 am EDT
67.45 HKD   +0.97%
10/05Hong Kong Hang Seng Up 5.9%, Tech Issues Rally
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09/30Hong Kong Stocks Rebound from Two-Day Slide; China's Factory Activity Grows While Hong Kong Retail Sales Go Down
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China stocks fall amid COVID flare-ups, even as Taiwan tensions ease

08/12/2022 | 04:36am EDT

SHANGHAI, Aug 12 (Reuters) - China stocks slipped on Friday as domestic COVID-19 cases rose sharply, though the blue-chip index snapped a five-week losing streak as geopolitical tensions over Taiwan eased.

Hong Kong shares rose, led by tech plays.

** The CSI300 index lost 0.1%, but rose 0.8% for the week, after posting five consecutive weekly losses. The Shanghai Composite Index fell 0.2%.

** In Hong Kong, both the Hang Seng index and the Hong Kong China Enterprises Index added 0.5%.

** Daily caseload for COVID-19 has risen to more than 2,000 in recent two days from around 1,000 earlier.

** "COVID-19 resurgence still weighs on market confidence in macro recovery despite continuous containment policy re-calibration," Morgan Stanley analysts wrote in a note.

** "The ongoing housing market uncertainty may also potentially delay the macro economy's bottoming out," they added.

** Defence stocks retreated 2.4% on Friday, while still up nearly 3% for the week amid geopolitical tensions.

** Energy shares rose more than 2%, and real estate developers added 1.3%.

** Most other sectors remained tepid. Information technology shares lost 1.5%, while new energy stocks were down 1.6%.

** Mainland property developers traded in Hong Kong gained 0.3%, as confidence in the sector recovered a bit after Longfor Group denied rumours that it had missed payment on commercial paper.

** Hong Kong-listed tech companies edged up 0.5%, with index heavyweights Alibaba and Meituan up more than 1% each.

** China's sportswear group Li Ning Co surged nearly 5%, as its first-half net profit and revenue jumped. (Reporting by Shanghai Newsroom Editing by Mark Heinrich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.14% 84.32 Delayed Quote.-28.96%
LI NING COMPANY LIMITED 0.97% 67.45 Delayed Quote.-21.73%
LONGFOR GROUP HOLDINGS LIMITED -1.84% 24 Delayed Quote.-33.38%
MEITUAN INC. 1.26% 177.1 Delayed Quote.-21.43%
MORGAN STANLEY -2.18% 81.3 Delayed Quote.-15.33%
MSCI TAIWAN (STRD) 0.99% 484.447 Real-time Quote.-37.26%
All news about LI NING COMPANY LIMITED
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08/15Nomura Adjusts Li Ning's Price Target to HK$90.10 From HK$80.80, Keeps at Buy
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08/12Hong Kong Hang Seng Up 0.5% As Property and Tech Sectors Edge Higher
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Analyst Recommendations on LI NING COMPANY LIMITED
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Financials
Sales 2022 27 086 M 3 807 M 3 807 M
Net income 2022 4 757 M 669 M 669 M
Net cash 2022 17 620 M 2 477 M 2 477 M
P/E ratio 2022 33,5x
Yield 2022 0,93%
Capitalization 160 B 22 470 M 22 470 M
EV / Sales 2022 5,25x
EV / Sales 2023 4,21x
Nbr of Employees 4 591
Free-Float 89,4%
Chart LI NING COMPANY LIMITED
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Technical analysis trends LI NING COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Last Close Price 61,13 CNY
Average target price 78,34 CNY
Spread / Average Target 28,2%
EPS Revisions
Managers and Directors
Ning Li Executive Chairman & Co-Chief Executive Officer
Takeshi Kosaka Co-Chief Executive Officer & Executive Director
Dong Sheng Zhao Chief Financial Officer & Group Vice President
Can Yu He GM-Apparel Research & Development
Jian Guang Xu GM-Footwear Research & Development
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