Understanding the Market | LI NING rises over 6% to become the new cycle partner of the Chinese Olympic Committee, Citigroup expects its revenue growth to accelerate significantly next year

LI NING rose over 6%, as of the time of writing, up 6.17% to HKD 16.52, with a transaction volume of HKD 137 million. In terms of news, on January 15 of this year, the Shanghai United Assets and Equity Exchange officially announced that LI NING has been selected as the sportswear cooperation enterprise for the Chinese sports delegation from 2025 to 2028. The company will become the official sportswear partner of the Chinese Olympic Committee and the Chinese sports delegation for 2025-2028. Citigroup's recent research report pointed out that the group's revenue growth will accelerate significantly in 2026, as the benefits of the COC cooperation will be fully realized. The bank raised LI NING's target price from HKD 14.36 to HKD 15.91, which corresponds to a projected price-to-earnings ratio of 13 times this year