[ET Net News Agency, 25 September 2019] UBS Global Research raised its target price for
Shenzhou International (02313) to HK$132 from HK$117 and maintained its "buy" rating.
The research house turned more positive on Shenzhou's top-line growth potential for the
next three years. UBS said its survey shows consumers are more price-sensitive, while also
placing more emphasis on fabrics/materials.
UBS believes branded companies will depend further on Shenzhou to capture consumers'
preferences. Shenzhou's aggressive capacity expansion and track record of enhancing
production efficiency should be able to support strong order growth. (KL)