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<Research>UOB Kay Hian Keeps Hold Rating on LI NING (02331.HK), Lifts TP to $20.2
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LI NING (02331.HK) recorded a low single-digit YoY decline in retail sell-through for 4Q25, UOB Kay Hian published a research report saying. QTD retail sales momentum has not improved, and consumer sentiment remained weak. The Company's management expected to continue facing discount pressure this year. UOB Kay Hian believed that this is driven by better-than-expected government subsidies, enhanced expense control by the Company and cost savings from closing some loss-making stores during the period. As a result, the broker lifted its target price for LI NING from $18.5 to $20.2, with rating kept at Hold. AASTOCKS Financial News Website: www.aastocks.com |
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