Ge Long Hui·2025-10-23 04:08Core Viewpoint - Daiwa Capital Markets analysts find Li Ning's risk-reward profile attractive due to low market expectations, improving fundamentals, and upcoming major sporting events [1] Group 1: Market Expectations - Analysts highlight that market expectations for Li Ning are currently low, which presents a potential opportunity for investors [1] Group 2: Business Fundamentals - There is an improvement in Li Ning's operational fundamentals, contributing to a more favorable investment outlook [1] Group 3: Upcoming Events - The return of the NBA to China after a six-year absence is expected to reignite interest in basketball by 2026 [1] - Li Ning's re-establishment as an official partner of the Chinese Olympic Committee is significant, especially with the Winter Olympics scheduled for February 2026 [1] Group 4: Analyst Rating and Price Target - Daiwa upgraded Li Ning's stock rating from Hold to Buy and raised the target price from HKD 20 to HKD 24 [1]