0215 GMT - Chinese sportswear makers will likely only offer investors limited returns in the near term, as both sales and sentiment weaken, KGI Securities says. The brokerage points out that latest operating data from companies in the sector has shown that the sector's overall sales growth slowed in 3Q. Even standout performer Li Ning doesn't offer much cause for optimism. Though the company's sales have held up relatively better than those of its peers, KGI is cautious about the group's high valuation, which limits further share price upside. It also notes that Stock Connect data show that mainland investors have been selling Li Ning shares. (yifan.wang@wsj.com)
Chinese Sportswear Makers Likely Have Limited Upside -- Market Talk
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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