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<Research>M Stanley: LI NING Signing Steph Curry Strategically Positive; Rating Overweight Kept
LI NING (02331.HK) has signed a long-term endorsement agreement with Golden State Warriors star Stephen Curry and established a partnership with Curry Brand, covering basketball, g...
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<Research>M Stanley: LI NING Signing Steph Curry Strategically Positive; Rating Overweight Kept
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LI NING (02331.HK)  0.000 (0.000%)    Short selling $76.84M; Ratio 23.010%   has signed a long-term endorsement agreement with Golden State Warriors star Stephen Curry and established a partnership with Curry Brand, covering basketball, golf and lifestyle products, Morgan Stanley said in its report.

If LI NING achieves its high-single-digit revenue growth target this year, the signing of Curry and Curry Brand will be regarded as a clearly positive strategic factor and could boost investment sentiment, in the broker's view.

Related NewsLI NING Slides 5%+; G Sachs: Partnership with Stephen Curry to Strengthen Brand Power, Financial Impact This Yr Manageable
Curry Brand plans to sign more athletes over time, the report mentioned. Morgan Stanley believed its operating model may be similar to LI NING's Way of Wade series.

LI NING signed Dwyane Wade in 2012-13, and after Wade retired from the NBA in 2019, LI NING renewed a long-term contract in 2018. Since then, the series has remained an important component of LI NINGs basketball business, accounting for about one-third of segment sales.

The broker expected LI NING's short-term share price to remain driven by demand and pricing, and maintained an Overweight rating with a TP of HKD26.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-04 16:25.)

Related NewsJPM: LI NING's Long-term Partnership with Stephen Curry to Be Brand Asset Catalyst; Maintains Overweight

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