0720 GMT - Li Ning's solid revenue growth guidance and likely better operating expenditure control gain it a new bull at CGS International. The Chinese sportswear company's 2025 results beat the analysts' expectations thanks to the running and training segments. The company is targeting high single-digit revenue growth in 2026 with flattish or slightly improving gross profit margin, which is stronger than CGS International's expectations, they say in a note. The analysts raise their 2026-2027 earnings per share projections by around 10%-12% due to wider-than-expected margin expansion. CGSI raises its rating to add from hold and lifts its target price to HK$26.20 from HK$19.20. Shares are up 4.3% at HK$21.98.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 03:20 ET (07:20 GMT)
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