UBS released a research report saying that it maintained Li Ning Co. Ltd. 's (02331) "buy" rating, sold better than expected in the third quarter, was confident that the brand would improve and its profit margin would expand, and raised its target price from HK $109.9 to HK $112.8.

Li Ning Co. Ltd. reported a year-on-year increase in retail sales of more than 40% in the third quarter, better than the bank had expected, according to the report. The bank is concerned that the company's discount level in the third quarter has improved in the number of medium units compared with the same period last year and is the same as the level in the third quarter of 2019. In terms of store network, the number of YOUNG points of sale of Li Ning Co. Ltd. and Li Ning Co. Ltd. accelerated, with a net increase of 99 and 96 respectively in the third quarter. In addition, management maintains year-round guidelines. UBS believes that due to Li Ning Co. Ltd. 's strong sales performance in the third quarter and the recent stock price correction, the market is expected to have a positive reaction to the stock.