DaMo issued a research report giving Li Ning an "overweight" rating, raising the target price from HK$107 to HK$111 to raise its forecasts for sales, earnings and earnings per share after completing the rights issue. The report mentions that the bank raised Li Ning's net profit forecast for 2021-23 by 4/9/8%, and the current profit growth forecast reaches 120/33/24%. In contrast, the 2021-23 P/C test only improved by about 4%, mainly reflecting the dilution factor after the rights issue. (Sina Finance)
![Looking at the sweat sticking to Fan Zhendong's body when he played shorts and buttocks Li Ning, hurry up and get beaten[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)