pennbattleiii6000hs| Li Ning rose more than 5% and retail indicators in the first quarter exceeded expectations

Li Ning (2331pennbattleiii6000hs.HK) rose 5.41% to HK$24.35 in intraday tradingpennbattleiii6000hs, the stock price hit a new high since March 12; Li Ning has risen more than 15% during the year.

Citi recently released a report stating that Li Ning and Toubo are its preferred stocks in China's sportswear industry. In terms of operations, Li Ning's retail indicators in the first quarter of this year exceeded expectations, including channel inventory, retail discounts and e-commerce recovery, laying the foundation for its return to profitability from the second half of this year to 2025 - 2026. The bank expects Li Ning's revenue growth to accelerate again in the second half of this year and is expected to return to double-digit growth from 2025 to 2026. Citigroup raised its target price for Li Ning from HK$28.5 to HK$32.7, maintaining its "Buy" rating.

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