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)
格林威治时间0215时-KGI证券表示，随着销售和人气减弱，中国运动服装制造商短期内可能只会为投资者提供有限的回报。该券商指出，该行业企业的最新运营数据显示，该行业第三季度整体销售增长放缓。即使是杰出的表演者李宁也没有提供太多乐观的理由。尽管该公司的销售额相对好于同行，但KGI对该集团的高估值持谨慎态度，这限制了股价的进一步上行。它还指出，沪港通数据显示，大陆投资者一直在抛售李宁的股票。(yifan.wang@wsj.com)
译文内容由第三方软件翻译。
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