Daiwa: Li Ning (02331) signing with Steph Curry has strategic significance, maintaining a "buy" rating.

According to the Wise Finance APP, Deutsche Bank has released a research report stating that Li Ning (02331) has signed a long-term endorsement contract with Golden State Warriors' star player Steph Curry, and has established a partnership with Curry Brand covering basketball, golf, and lifestyle products. The bank expects that Li Ning's short-term stock performance will still be driven by demand and pricing, maintaining a "hold" rating for Li Ning with a target price of 26 Hong Kong dollars. The bank believes that if Li Ning can achieve high single-digit revenue growth targets this year, signing with Curry and Curry Brand will be seen as a clear positive strategic factor and can boost investment sentiment.