0619 GMT - Rising raw material costs stemming from higher oil prices are likely to hit Li Ning's results in 1Q next year, say UOB Kay Hian's Stella Guo and Shirley Wang in a note. The sportswear maker anticipates rising costs to have limited impact in 2026, as material orders have already been placed, the analysts say. Should higher raw material prices persist, Li Ning's footwear category could be more pressured than its apparel products, the analysts add. UOB Kay Hian retains its earnings estimates for 2026 and 2027 but flags potential risks from lower-than-expected retail sales growth or deeper discounts. The brokerage retains a buy rating and HK$24.70 target price. Shares are up 0.2% at HK$20.12.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 27, 2026 02:19 ET (06:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.