Warren Buffet famously quoted: price is what you pay, value is what you get. In this context, investors must be wondering if the current Li Ning share price trading level represents value.
From a peak of HK$105 in September 2021, Li Ning share price crashed by a whopping 83% to reach HK$17.50 recently. The devastating meltdown of Li Ning share price certainly caused plenty of heart pains to its investors. Should they keep the faith or run for their lives? This must be a dilemma faced by many Li Ning investors given that rumors emerged in March 2024 that the founder of the Group was considering privatizing Li Ning. What?! At current Li Ning share price levels?
For the uninitiated, Li Ning is the Nike version of China. Founded in 1990 by former Olympic gymnast, Li Ning, the Group is a Chinese sports brand, operating professional and leisure footwear, apparel, equipment and accessories. Under the core strategy of “Single Brand...