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LNNGY - 361 Degrees Still A Sportswear Laggard But Sees Potential In Kids
Li Ning Co Ltd Unsp/Adr
361 Degrees forecasts ‘low teens’ revenue growth in the third quarter, slowing from the first half of the year.
Company’s shares have risen sharply this year on a broader sector rally, but are still undervalued compared to peers.
But even after the rally, 361 Degrees commands relatively little respect among its major peers in China’s large sportswear market, based on its low valuation.