Li Ning: Watch Upcoming Earnings And New Partnership
Source: SeekingAlpha
2025-03-13 12:28:29 ET
Summary
- Li Ning is still deserving of a Hold rating based on my preview of its H2 2024 results and the evaluation of its recent sponsorship deal.
- The company's expected growth in revenue and earnings for H2 2024 should be modest, which points to a lack of catalysts in the near future.
- LNNGY will be China's new Olympics sportswear sponsor, and this is a favorable mid-term development.
- Li Ning's current P/E is near to the peer average, and this supports my Neutral view of the name.
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Li Ning: Watch Upcoming Earnings And New Partnership
Li Ning Co Ltd Ord
NASDAQ: LNNGF
LNNGF Trading
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