LI NING Surges Over 4% Afternoon as Global First Dragon Store Opens; Citigroup Maintains "Buy" Rating

Deep News12-15

LI NING (02331) rose over 5% during the session. As of press time, the stock was up 4.36%, trading at HKD 18.45 with a turnover of HKD 430 million.

On December 14, LI NING brand celebrated the grand opening of its global first Dragon Store at Beijing's landmark shopping district Taikoo Li Sanlitun, themed "Dragon Glory Begins." The event also marked the official launch of its new Glory Gold Label product series. The introduction of the Glory Gold Label series and the debut of the new Dragon Store format are expected to create strong synergies, representing a significant milestone in LI NING's brand development and a key step in retail channel upgrades.

Citigroup released a research report updating its model for LI NING to reflect expectations for its 2026-2027 outlook. The bank forecasts LI NING's revenue to grow 0%, 4%, and 8% year-on-year in 2025-2027, respectively, with net profit increasing 18%, 11%, and 17% year-on-year. Citigroup raised its target price for LI NING from HKD 18.1 to HKD 20.6, based on a 17x P/E ratio for 2026 projections, maintaining a "Buy" rating.

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