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<Research>Nomura Rates LI NING as Neutral w/ TP HKD23.4; 1Q Operating Data In Line
Recommend 5 Positive 6 Negative 1 |
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LI NING (02331.HK)'s operating data for 1Q26 was broadly in line with market expectations, Nomura wrote in its research report. During the period, retail sales of the Li Ning brand (excluding Li Ning Young) rose by a mid-single-digit percentage YoY. If the Li Ning Young brand is included, total retail sales would record high-single-digit YoY growth, similar to the growth trend of ANTA SPORTS (02020.HK)'s core brand in 1Q26. Nomura has given LI NING a target price of HKD23.4 and a Neutral rating. Auto-translated by AI AASTOCKS Financial News |
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