Jan 22, 2021 11:58 AM (GMT+8) · EqualOcean
HSBC research published a research report, believing that Li Ning benefited from two major positive factors, including market integration and its own business improvement. It raised its target price by 33% from HK $45.7 to HK $60.8, maintaining its "buy" rating. According to the report, Li Ning's share price has doubled over the past year, mainly because the company can still maintain profit expansion under the public health incident. It is expected that the company's core profit margin will reach 10.5% last year, compared with 9.1% in 2019. It is also expected that its net profit will rise by 50% and its revenue will rise by 27% this year.

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