0403 GMT - Li Ning's clearer strategies for its running, lifestyle and badminton products are likely to support earnings growth, say DBS Group Research's Alison Fok and Mavis Hui in a note. It intends to focus on premium rackets and professional shoes for its badminton segment, the analyst say. While Li Ning's 1Q retail sales were slightly behind market expectations, the sports apparel maker kept its full-year guidance of high-single digit sales growth. Its product launches are likely to remain active into 2H, they add, along with its planned store expansions. DBS maintains its buy rating and HK$26.40 target price. Shares fall 3.8% to HK$19.81. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 23, 2026 00:03 ET (04:03 GMT)
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