Impressive FY24E guidance with decent yield

M N 20 Mar 2024 CMB International Global Markets | Equity Research | Company Update China Lilang (1234 HK) Impressive FY24E guidance with decent yield Target Price HK$5.75 The apparel sector performed well in general in 2H23 as we see China Lilang and JNBY reporting strong numbers (so will Bosideng, in our view). Going into (Previous TP HK$4.73) FY24E, we tend to be more picky, but China Lilang should still outperform, Up/Downside 29.2% thanks to its own initiatives (improvements in operational efficiency a ...