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Orient Securities has maintained a Buy rating on Li Ning Company (LNNGF) with a price target of HK$23.52, while the stock closed at HK$22.00. The analyst consensus for Li Ning is Strong Buy, with a target of HK$24.89, indicating a 13.15% upside. Goldman Sachs also upgraded the stock to Buy with a target of HK$26.70 in a report on March 22.

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LI NING

Li Ning Company (LNNGF) Gets a Buy from Orient Securities

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Major Chinese consumer stocks in Hong Kong surged after strong earnings, but analysts caution against assuming a broad recovery in the consumer market. Mixue Group reported a 35.2% sales increase to 33.56 billion yuan, with shares rising 5.95%. Laopu Gold's revenue soared 221% to 27.3 billion yuan, and its shares jumped 16.11%. Other stocks like Pop Mart and Li Ning also saw gains. Analysts note a shift in consumer behavior towards emotional resonance, while challenges like rising costs in the food and beverage sector persist. The government aims to boost domestic demand amid moderate economic growth targets.

- Major Chinese consumer stocks in Hong Kong surged after reporting strong full-year earnings, though analysts noted these results do not indicate a broad recovery in consumer markets.  
- Notable performers included Mixue Group, which experienced a 35.2% sales increase, and Laopu Gold, which saw a 221% revenue surge, attributed to strong market positions and new products.  
- Analysts highlighted a shift in consumer behavior towards emotional satisfaction, emphasizing the ongoing transformation within the sector while the government aims to boost domestic demand amid economic targets.

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MIXUE GROUP

POP MART

LAOPU GOLD

China consumer stocks jump on earnings, but analysts warn of limited recovery

Bank of China has maintained a Buy rating for Li Ning Company (LNNGF) with a price target of HK$23.90, while the shares closed at HK$21.08. The analyst consensus is a Strong Buy with an average target of HK$24.84, indicating a 17.82% upside. Goldman Sachs also upgraded the stock to Buy with a target of HK$26.70.

Bank of China Sticks to Their Buy Rating for Li Ning Company (LNNGF)

Nomura Adjusts Li Ning's Price Target to HK$23.40 From HK$20.40, Keeps at Neutral

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Nomura Adjusts Li Ning's Price Target to HK$23.40 From HK$20.40, Keeps at Neutral

CICC has raised the target price for LI NING by 13% to HKD 27.5, maintaining an "outperform" rating. It is expected that revenue will grow by 3% to RMB 29.6 billion in 2025, while net profit will decline by 3% to RMB 2.9 billion, with performance exceeding expectations due to good cost control. The company declared a final dividend of 23.36 cents, with an annual payout ratio of 50%. Earnings per share forecasts for 2026 and 2027 have been raised by 9% and 10%, respectively

AASTOCKS

In "Major Banks," China International Capital Corporation raised the target price for LI NING to 27.5 yuan due to good operations, maintaining an "outperform industry" rating

Nomura raised the target price for LI NING to 23.4 yuan, with a rating of "Neutral." Management expects revenue to achieve high single-digit percentage growth in 2026, exceeding expectations, but net profit margins may slightly decline due to increased costs from sponsoring the Chinese Olympic Committee. Although LI NING's leading position in the running sector and the launch of new product lines are seen as growth catalysts, intensified market competition and the lack of substantial turnaround in the basketball business remain concerns

Nomura raises the target price for LI NING to 23.4 yuan with a "Neutral" rating

JPLININ@EC2609A(27351.HK)

JPLININ@EC2609A Stock Performance Chart

Nike's China stumble exposes execution gaps

Li Ning Company (LNNGF) Gets a Buy from Orient Securities

China consumer stocks jump on earnings, but analysts warn of limited recovery

Bank of China Sticks to Their Buy Rating for Li Ning Company (LNNGF)

Nomura Adjusts Li Ning's Price Target to HK$23.40 From HK$20.40, Keeps at Neutral