Li Ning 2331

Re: Li Ning 2331

Postby iam802 » Sat Oct 16, 2010 11:25 am

Wrong place to open.

Should focus on building up the channels distribution first.
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2. The trend will END but I don't know WHEN.

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Re: Li Ning 2331

Postby winston » Sat Oct 16, 2010 11:56 am

A while back I told a Retail Analyst that some companies dont really have common sense. Even a lay man like me can see that some of the stores wont be able to generate the required revenue to break-even.

His reply is that companies usually open flag ship stores in busy malls or where there's a lot of people passing by.

They know that they will lose money but they want the visibility.

You can see such shops along Wan Fu Jing in BJ etc. The shops are empty but they have to get the visibility. This is from their advertizement budget.
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Re: Li Ning 2331

Postby iam802 » Sat Oct 16, 2010 12:44 pm

except...in Li Ning's case...their SG store is at a 'corner' that lots of people will pass by and still not noticed it.

They can just sponsor more 'Singapore Open' competitions to get visibility.

Or they can admit consumers here don't spend money on Li Ning.
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2. The trend will END but I don't know WHEN.

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Re: Li Ning 2331

Postby iam802 » Wed Jan 18, 2012 10:19 am

http://www.chinesestock.org/show.aspx?id=140842&cid=28

Government of Singapore Investment Corporation Pte Ltd (GIC) reduced its long position in Li Ning Company (HKG:2331) from 6.00% to 5.99% on January 12 by selling 162,000 shares at HK$7.124 per share on average on the Stock Exchange, the Stock Exchange's Disclosure of Interests information shows.
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Re: Li Ning 2331

Postby iam802 » Wed Jan 18, 2012 10:21 am

I wonder when did they buy into Li Ning.

My chart can only goes back to 2009 and the price was around 8.9 still higher than current price.

2012Jan-Li Ning Co., Ltd.-800x600.png
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Re: Li Ning 2331

Postby iam802 » Fri Jan 20, 2012 10:04 am

Li Ning says to issue convertible bonds worth 750 mln yuan

http://www.reuters.com/article/2012/01/ ... Q020120120
Jan 20 (Reuters) - Chinese sportswear brand Li Ning Co Ltd said it planned to issue convertible bonds totalling around 750 million yuan ($115 million) to private equity firm TPG and GIC Investor, with trading in its shares set to resume on Friday.

The bonds will have an interest rate of 4 percent per annum and will be due five years after the issue, convertible at an initial price of HK$7.74 a share, the firm said in an exchange filing late Thursday.

Li Ning's shares were suspended on Wednesday, pending the announcement. Trade will resume at 0100 GMT on Friday, the announcement said.




So, how many years will it take for this brand to go up against Nike and Adidas?
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Re: Li Ning 2331

Postby winston » Thu Feb 09, 2012 2:36 pm

DJ MARKET TALK: Li Ning +14.9%; GS Ups To Buy, Conviction List

1311 [Dow Jones] STOCK CALL: Goldman Sachs ups Li Ning (2331.HK) to Buy from Neutral, and raises its target price to HK$12.10 vs HK$7.20; it also adds the stock to its conviction list.

GS says Li Ning leads the China sportswear sector in branding and products, and has the least downside risk in margin and return;

In this inventory cycle, Li Ning is the first to address channel inventory problems, and "we believe it will be the first to recover."

GS also believes the private equity investment by TPG (announced on Jan. 20) could potentially improve Li Ning's execution and is another positive.

Li Ning leaps 14.9% to HK$9.88 at interval.

Source: Dow Jones Newswire
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Re: Li Ning 2331

Postby iam802 » Mon Aug 12, 2013 4:44 pm

China’s Li Ning Reports 184Mln First-Half Loss

http://english.caijing.com.cn/2013-08-12/113159187.html

China’s sportswear leader Li Ning reported a lower-than-expected loss in the first half of the year as the Chinese company was working on inventory clean-up and operation restructures.

The sportswear maker recognized CNY184million ($30.05million) loss in the first six months, compared with CNY44.29million ($7.23million) net income for the same period of last year.

First-half revenue was CNY2.91billion ($47.52million), 24.6 percent down from a year earlier.

The considerable drop was largely due to a reduction in new products distribution, inventory clean-ups and upgrades of online stores.

Li Ning as well as other Chinese brands has been losing out in their home market to foreign sportswear giants like Nike and Adidas in recent years as inventory piles up amid rising rents and declining sales.

The company launched a campaign as it scaled back inventory and shut down stores after posting a loss of 1.98 billion yuan ($32.33 million) in 2012, in contrast to a year-earlier profit of 385.8 million yuan.

Li Ning continued to slim down as it closed 410 stores in the first half, compared with more than 900 stores in the same period a year ago. The number of stores is 6,024 by June 30th.

Average inventory turnover has reduced from 9 months to 7 months as the company signed “channel revival” agreements with over 90 percent distributors.

The company expected investments made in the last one and half years will be paid back and cash flows improved in the second half but warned uncertainties in China’s changing sportswear industry and economic slowdown.


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2. The trend will END but I don't know WHEN.

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Re: Li Ning 2331

Postby behappyalways » Wed Nov 19, 2014 11:31 am

Head of Troubled Li-Ning Co. Hands Baton to Company's Founder
http://english.caixin.com/2014-11-18/100752393.html
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Re: Li Ning 2331

Postby winston » Thu Apr 20, 2017 10:28 am

not vested

Li Ning 李宁 (2331 HK)

Li Ning is one of the leading sports brand companies in China, but has suffered from declining orders and high inventories since 2011.

After restructuring the company, Li Ning has returned to making profits in 2016.

We expect Li Ning’s earnings turnaround to be sustainable and driven by destocking of old products, sales mix upgrade with more new products, better-positioned product launches, solid new store expansion and sales expense cuts.

We suggest a BUY recommendation with a target price of HK$6.10.

Source: UOBKH
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