0701 GMT - Lai Yih Footwear's order visibility over 2025-2026 looks bright, thanks to stronger order inflows from clients including Adidas, Daiwa Capital Markets analysts say, citing a site visit and their own research. The Taiwanese footwear manufacturer is poised to aggressively expand its capacity and client portfolio, leveraging its solid production execution capabilities compared with other Taiwanese footwear players, the analysts say in a note. Lai Yih Footwear aims to expand footwear production capacity by 15%-20% over 2025-2026, they add. The brokerage initiates coverage of the stock with a buy rating and a target price of NT$560.00. Shares closed 4.1% lower at NT$422.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 02:01 ET (07:01 GMT)
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