Nomura: Li Ning may need a new catalyst to achieve a revaluation of its stock valuation.

Nomura analyst stated in a research report that Li Ning may need new catalysts to achieve a stock valuation reassessment. Nomura believes that Li Ning's sales growth trajectory is clearer than its peers, thanks to the potential recovery of its sports and leisure business and the increase in brand awareness brought by sponsoring the Chinese Olympic Committee. However, Nomura analysts stated that these driving factors have largely been reflected in the stock price. They pointed out that the competition in China's running market is also very intense. Nomura maintains a neutral rating on the stock with a target price of HKD 23.40. The stock's latest report is HKD 19.76.