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NextInsight - Latest News
| TWO LEFT FEET: China Sneaker Play Li Ning Sees Dire Year |
Written by Andrew Vanburen (China Correspondent)
Monday, 18 June 2012 08:00
 HK-LISTED ATHLETIC footwear and apparel maker Li Ning -- in which Singapore sovereign wealth fund GIC owns a stake -- issued a profit warning, saying its first half and full-year bottom lines are likely to stub their toes in a big way, just as its share price hits a six year low. Is China’s top sportswear name alone, or is this a sector-wide plight? Read more... |
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