HSBC lifts Li Ning (02331) to HK$9.1 HSBC Global Research lifted its target price for Li Ning (02331) to HK$9.1 from HK$7.7, and reiterated its "buy" rating as it remains confident about continued market share and margin recovery. The research house sees room for the shares to re-rate further in 2018 on the back of improving SSSG, stronger future orders, and potential dividend. HSBC raised its earnings forecast by 5%-9% for FY2018/19 driven by 2-5% higher revenue and improved operating leverage. It forecast sales to reach RMB10.2bn, above its historical peak of RM...
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