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<Research>Daiwa Keeps LI NING as Top Pick With TP Raised to HKD27
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Following the release of its way-better-than-expected 2H25 results, LI NING (02331.HK) saw its stock price achieve the largest single-day increase in recent years, Daiwa's research report said. In Daiwa's opinion, this confirms the short-term revenue growth story for LI NING, with the recovery still in its early stages and most of the upside potential yet to be realized. LI NING's net cash accounts for about 40% of its market value, reflecting market views on execution risk. Based on current trends, however, Daiwa considers the risk-reward attractive. It has reiterated a Buy rating for LI NING and raised the target price from HKD24 to HKD27. LI NING also remains its top pick among Chinese sports brands. AAStocks Financial News |
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