CICC: Maintains Li Ning (02331.HK) outperform industry rating, target price of 27.50 Hong Kong dollars.

Wisdom Financial News APP has learned that CICC has released a research report stating that the signing of Li Ning (02331.HK) with a basketball star is still in the early stages, and the related fee planning is still unclear. The bank maintains its EPS forecast for 2026/27 at 1.19/1.31 yuan, with the current stock price corresponding to a 14/12 times 2026/27 P/E ratio. The bank also maintains an outperform rating and a target price of 27.50 Hong Kong dollars, corresponding to a 20 times 2026 P/E ratio, representing a 46% upside potential from the current stock price.