Citi: Maintains "Buy" rating on Li Ning (02331.HK) with a target price of HK$18.1

Citi issues a research report stating it gives Li Ning (02331.HK) a "Buy" rating with a target price of HK$18.1. The bank notes that after factoring in Li Ning Young's year-on-year double-digit growth, Li Ning's overall brand retail sales in the third quarter were roughly flat year-on-year.