In a report released on July 17, DBS also maintained a Buy rating on the stock with a HK$18.50 price target.

Based on Li Ning Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$14.78 billion and a net profit of HK$1.2 billion. In comparison, last year the company earned a revenue of HK$14.33 billion and had a net profit of HK$1.06 billion