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RTNominal down106.400 -5.200 (-4.659%)

03/12/2019 17:53

{I-bank focus}Goldman cuts Shenzhou Int'l (02313) to HK$121

[ET Net News Agency, 3 December 2019] Goldman Sachs tweaked its target price for
Shenzhou International Group Holdings (02313) to HK$121 from HK$122 and maintained its
"buy" rating.
The research house cut its 2019-2021 net income forecasts by 1-3% to factor in (1)
updated production ramp-up schedule, (2) closure of retail business in 2020, (3) its
latest margin assumptions.
Goldman remains positive on Shenzhou's strong leading position and market share gain
upside. It believes management's prudent approach to roll out capacities should lead to a
steadier margin trend and solid earnings growth into 2020-2021. (KL)

Remark: Real time quote last updated: 29/01/2020 17:59
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