UBLININ@EC2605A

Renaissance Maintains Buy Rating on Li-Ning Company, with Target Price at HKD 25.00

Li Ning Releases Q4 2025 Operations and Invests in Flagship Stores

JPMorgan Downgrades Li Ning's Earnings Forecast and Maintains Underweight Rating

Citic Securities Raises Li-Ning's Target Price to HKD 23.4

Goldman Sachs Raises Net Profit Forecast for Li-Ning in 2025

CICC Upgrades Li Ning's EPS Forecast and Maintains Recommendation

Morgan Stanley Raises Net Profit Expectations for Li Ning Last Year

Citi Maintains 'Buy' Rating on Li-Ning with Target Price of HKD 20.60

Li Ning Reports Lower Q4 2025 Retail Sales

Li-Ning Opens Haglöfs' First VASA Concept Store in China

DBS analyst reiterates buy rating on Li-Ning with target price of HKD23.20

China Merchants Securities Overseas Maintains Positive Rating for Li-Ning with Adjusted 2026 Predictions

China Merchants Securities Downgrades Li Ning's 2026 Revenue and Net Profit Projections

Haglöfs Opens its First VASA Concept Store in China

China Securities Maintains “Buy” Rating for Li-Ning, Sets Target Price at HKD 21.75

Guosen Securities Sees Revival in Li-Ning's Brand Momentum, Maintains 'Outperform' Rating

GF Securities Maintains Buy Rating for Li-Ning with Price Target

CICC Upgrades Li-Ning's Target Price Following New Store and Product Series Launch

ASIAPAC FIN INV

GLORY FLAME

ITE HOLDINGS

LUK HING ENT

NEXION TECH

STEEDORIENTAL

GOLDWAY EDU

FINSOFT FIN

RAFFLESINTERIOR

ALTUS HLDGS

02331

02020

- Anta has officially become a strategic partner of the Greek Olympic Committee, providing full ceremonial and living gear for the Greek delegation.  
- This partnership allows Anta’s logo to appear first in global broadcasts during the Milan Winter Olympics, putting pressure on Li Ning, which recently reclaimed sponsorship rights.  
- Both brands are navigating a competitive market, reflecting the anxiety of domestic sports brands seeking differentiation amid evolving marketing strategies.

Wallstreetcn

LI NING

ANTA SPORTS

ANTA and LI NING will face the "Milan Battle"

CHIQ

PPRUY

KLXY

A shift in consumer behavior in China is leading to a decline in demand for Western luxury brands like Chanel and Gucci, as a phenomenon termed "luxury-phobia" emerges. Consumers are favoring local brands that offer better value and cultural resonance. The economic backdrop includes a stagnant property market and a growing social stigma against ostentatious spending. As a result, brands that adapt to local preferences and prioritize utility over status are thriving, while traditional luxury brands face challenges in this new landscape.

Dow Jones

Global X China Consumer

Kering

Tema Luxury ETF

Kraneshares Global Luxury Index ETF

A luxury 'phobia' is gripping these consumers. It's a red flag for brands like Chanel and Gucci.

510150

159928

A shift in consumer behavior in China is leading to a phenomenon termed "luxury-phobia," where consumers are moving away from Western luxury brands like Chanel and Gucci in favor of local brands that offer better value and cultural resonance. This change is driven by economic factors, including a decline in household wealth tied to the property market. As a result, brands like Songmont and Li-Ning are thriving, while Western brands face challenges. The Chinese consumer is now prioritizing practicality and authenticity over ostentatious displays of wealth, reflecting a broader economic caution.

China Merchants SSE Consumer 80 ETF

China Universal CSI Consumer Staples ETF

A luxury 'phobia' is gripping these consumers. It's a red flag for luxury brands like Chanel and Gucci.

A shift in consumer behavior in China, termed "luxury-phobia," is leading to a decline in demand for Western luxury brands as consumers favor local brands that offer better value and cultural resonance. This change is driven by stagnant property values and a growing social stigma against conspicuous consumption. Brands like Songmont and Li-Ning are thriving, while traditional luxury brands face challenges. The Chinese government is attempting to stimulate spending through social safety nets, but consumers remain cautious amid deflationary pressures. The era of easy growth for Western brands in China is over.

'Luxury-phobia' is turning the Chinese away from conspicuous consumption and toward 'local hero' domestic brands

Li Ning Co Ltd :ON JAN 18, UNIT SUBSCRIBES FOR CGB STRUCTURED DEPOSITS IN AMOUNT OF RMB700 MILLION, OTHERS

Reuters

Li Ning Says On Jan 18, Unit Subscribes For CGB Structured Deposits, Others

Li Ning Subsidiaries Subscribe to Wealth Management Products

marketscreener

Li Ning Subsidiaries Subscribe to Wealth Management Products

Li Ning Company Limited has invested RMB1.9 billion in low-risk structured deposits through its subsidiaries, placing funds with major Chinese banks. The deposits, ranging from RMB200 million to RMB700 million, have tenors of five to six months and expected returns of 0.60% to 3.00%. This move, classified as a discloseable transaction under Hong Kong listing rules, aims to enhance returns on idle cash while maintaining a conservative risk profile. The current analyst rating for Li Ning stock is a Buy with a price target of HK$23.50.

Tip Ranks

Li Ning Invests RMB1.9 Billion in Low-Risk Structured Deposits

CMBC International analyst maintained a Buy rating on Li Ning Company today and set a price target of HK$23.80.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential In a report released on January 22, TipRanks – OpenAI also reiterated a Buy rating on the stock with a HK$23.50 price target.

CMBC International Remains a Buy on Li Ning Company (LNNGF)

China Renaissance has maintained a Buy rating on Li Ning Company (LNNGF) with a price target of HK$25.00, while the stock closed at HK$21.30. The analyst consensus is a Moderate Buy with an average price target of HK$21.75, indicating a 2.13% upside. Additionally, TipRanks – DeepSeek also reiterated a Buy rating with a price target of HK$23.00.

China Renaissance Keeps Their Buy Rating on Li Ning Company (LNNGF)

ANTA and LI NING's stock prices both fell nearly 5% today. ANTA announced its 2025 operational data, achieving positive growth in annual retail sales. Investors can pay attention to its call warrants, with an exercise price of HKD 112.98, expiring in 2026, with an actual leverage of 4.8 times. LI NING's stock price has retreated, and investors can focus on its call warrants, with an exercise price of HKD 23.31, expiring in 2026, with an actual leverage of 5.8 times. Investors should be cautious and understand the risks of structured products

𣾀豐輪證點評

[Domestic Demand] ANTA and LI NING both fell nearly 5%, for a rebound, you can pay attention to ANTA call 23885 / LI NING call 22268

As of the close on January 19, Li Ning (2331.HK) continued to experience upward fluctuations in its stock price, driven by increased interest in the sports sector, attracting attention from momentum investors. Recently, various local policies have intensified support for sports consumption, leading to a sustained improvement in the sports industry's prosperity, which is beneficial for the sports goods market. As a leading enterprise in the sector, Li Ning naturally became the preferred target for major capital inflows, with trading volume continuously expanding during the session, making it a focal point of market trading. In the short term, after a series of price increases, some actively profit-taking funds appeared to cash out, reflecting a dual market sentiment of reluctance to sell and a desire to break even. Multiple technical indicators remain in a strong state, with momentum not showing signs of weakening for the time being. Meanwhile, the short-term relative strength index has approached the overbought zone, indicating a marginal decline in the enthusiasm for chasing prices. Trading activity has slightly decreased, suggesting that subsequent price fluctuations may intensify, especially if sudden large transactions fail to sustain price increases. The current market's core focus is on whether the positive factors in the sports sector can continue to be digested and the sustainability of Li Ning's strong pattern. If there is a sudden surge in trading volume but prices struggle to reach new highs, or if high-level trading volume contracts, investor sentiment may quickly turn cautious or even pessimistic. Overall, Li Ning remains in a bullish dominant pattern, but as high-level risks gradually accumulate, the demand for risk management and dynamic adjustment of positions is becoming increasingly prominent. Closely monitoring price and volume anomalies in the market has become an essential operational strategy to prevent significant short-term pullbacks caused by sentiment reversals and major capital reductions

Technical Forecast

Morning Trend | LI NING Approaches Resistance at High Levels, Capital Divergence Emerges Amidst Sector Speculation

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The Hong Kong stock market closed down 281 points today, reporting at 26,563 points, marking a three-day decline, with a turnover of HKD 225.6 billion. Alibaba fell by 4%, and biotechnology stocks performed poorly, with both the Hang Seng Index and the Tech Index also declining. Despite the A-shares stabilizing after the release of mainland economic data, the Hong Kong stock market remains in an adjustment phase, with a short-term support level expected at 26,000 points. LI NING rose by 3% against the trend

- Following the release of several economic data from mainland China, A-shares stabilized with the Shanghai Composite Index rising 0.3%.  
- However, Hong Kong's stock market ended near a low, with the Hang Seng Index dropping 281 points to close at 26,563 points, marking three consecutive days of losses.  
- Analysts suggest that the Hang Seng Index is entering an adjustment phase, expecting immediate support around the 26,000 point level.

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Alibaba

BABA-W

Hong Kong stocks fell 281 points, Alibaba dropped 4%, biotech stocks were sold off, and Li Ning rose 3% against the trend. Experts: The upward wave at the beginning of the year has ended | Hong Kong stock market closing

UBLININ@EC2605A(19929.HK)

ANTA and LI NING will face the "Milan Battle"

A luxury 'phobia' is gripping these consumers. It's a red flag for brands like Chanel and Gucci.

A luxury 'phobia' is gripping these consumers. It's a red flag for luxury brands like Chanel and Gucci.

'Luxury-phobia' is turning the Chinese away from conspicuous consumption and toward 'local hero' domestic brands

Li Ning Says On Jan 18, Unit Subscribes For CGB Structured Deposits, Others