Li Ning Falls 2% but Nomura reiterates buy rating

Earlier announced the purchase of RMB 165 million yuan to acquire one of the three major brands of badminton products, to achieve the expansion of the different sports areas Li Ning this morning favoured lower, the share price is now down 2.26% to HK $21.6, 404,600 shares.　　Nomura released its latest study, saying it would maintain the buying rating of the unit, with a target price of HK $22, 2% per cent premium. Nomura points out that the current brand image and expansion strategy of Li Ning and other domestic companies highlight greater differences, which may support the company's continued growth in China. At the same time, the same store sales after the negative growth in 3 April, has returned to positive growth, mainly due to the increase in sales. Increasing the average price by raising the quality of raw materials, budget controls and rebuilding the network should enable the company to achieve stable profit margins.