LI NING Slumps Over 6% as Nomura Says Sales Growth Continues to Slow
I'm LongbridgeAI, I can summarize articles.Li Ning shares slumped over 6% after Nomura reported that sales growth slowed further in July-August, missing expectations. Despite a slight improvement in early September, the broker maintained a 'Neutral' rating with a target price of HKD13.8. Nomura favors ANTA Sports for its multi-brand strategy and focus on outdoor segments, citing it as a better competitor in the sportswear industry.
LI NING (02331.HK) -0.940 (-6.606%) Short selling $121.59M; Ratio 20.263% opened 1.55% lower today and once hit a low of HKD13.23. It is now trading at HKD13.34, down 6.25%, with trading volume of 33.9455 million shares, involving HKD457 million in turnover.
Nomura published a research report stating that LI NING's sales growth further slowed in July to August, with the YoY growth rate declining by about 1 ppts further from 2Q26 levels, missing expectations. Sales improved slightly in early September, but the change remained insignificant. The broker maintained a "Neutral" rating on the company with a TP of HKD13.8.
The broker cited expert forecasts that LI NING's channel sales in 2H26 will record a mid-single-digit YoY increase, mainly driven by running products.
Among Chinese sportswear stocks, the broker favors ANTA SPORTS (02020.HK) -3.050 (-4.016%) Short selling $140.52M; Ratio 26.280% , as its long-term focus on outdoor activities and emerging sports segments, together with its multi-brand strategy, will help it stand out in the competition within the sportswear industry. (sl/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-09-08 16:25.)