0248 GMT - Li Ning's risk-reward profile now looks attractive, Daiwa Capital Markets analysts say in a report. They cite the combination of low market expectations, improving operational fundamentals and possible catalysts such as coming major sports events for the Chinese sportswear company. Daiwa sees potential for basketball to regain popularity in 2026, partly supported by the NBA's return to China after a six-year absence. Li Ning's reinstatement as a sponsor for the Chinese Olympic Committee also looks significant, with the Winter Olympics in Italy scheduled to take place in February 2026. Daiwa upgrades its rating on the stock to buy from hold and raises its target price to HK$24.00 from HK$20.00. Shares are 4.0% higher at HK$18.10. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 22, 2025 22:48 ET (02:48 GMT)
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