Added to YB: 2026-10-01
Pitch date: 2026-09-28
2331.HK [bullish]
Li Ning Company Limited
+2%
current return
Author Info
No bio for this author
Company Info
Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China and internationally.
Market Cap
HKD 27.5B
Pitch Price
HKD 12.53
Price Target
N/A
Dividend
5.33%
EV/EBITDA
2.55
P/E
9.17
EV/Sales
0.48
Sector
Textiles, Apparel and Luxury Goods
Category
value
Yet Another 2 Attractive Ideas - 2331.HK
2331.HK: Li Ning trades at HKD 12.33 and 9x NTM earnings as the market prices in a prolonged downturn, but inventory appears far healthier than during 2011-17: H1’26 write-down provisions were 5.9% versus 12.9% a decade earlier, while new products represented 77% of inventory. A HongShan JV targets USD 1B of overseas revenue by 2028; risks are channel stuffing and further recovery delays.
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