Chinese Sportswear Makers Likely Have Limited Upside -- Market Talk
Chinese Sportswear Makers Likely Have Limited Upside -- Market Talk
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)
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)
格林威治時間0215時-KGI證券表示，隨着銷售和人氣減弱，中國運動服裝製造商短期內可能只會為投資者提供有限的回報。該券商指出，該行業企業的最新運營數據顯示，該行業第三季度整體銷售增長放緩。即使是傑出的表演者李寧也沒有提供太多樂觀的理由。儘管該公司的銷售額相對好於同行，但KGI對該集團的高估值持謹慎態度，這限制了股價的進一步上行。它還指出，滬港通數據顯示，大陸投資者一直在拋售李寧的股票。(yifan.wang@wsj.com)
譯文內容由第三人軟體翻譯。
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