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<Research>CLSA Keeps LI NING's TP at HKD24; 1Q Sales In Line
Recommend 3 Positive 3 Negative 3 |
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LI NING (02331.HK)'s retail sales (excluding Li Ning Young) saw mid-single-digit YoY growth in 1Q26, below the broker's expectations, CLSA wrote in its research report. If the Li Ning Young brand is included, total retail sales would post high-single-digit growth, in line with the full-year sales guidance. Given a lower base in the coming periods, CLSA maintained an Outperform rating on LI NING, with a target price of HKD24. Auto-translated by AI AASTOCKS Financial News |
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