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RTNominal down147.000 -5.000 (-3.289%)
Research Report

02/06/2021 17:25

{I-bank focus}Nomura lowers Shenzhou Intl to HK$185.3

[ET Net News Agency, 2 June 2021] Nomura lowered its target price for Shenzhou Intl
(02313) to HK$185.3 from HK$196.2 and downgraded its rating to "neutral" from "buy".
The research house said it sees multiple headwinds emerging for Shenzhou due to (1) CNY
appreciation, (2) COVID-19 outbreak in Cambodia and Vietnam which could negatively impact
capacity increase as recruitment could be delayed and lead to further temporary suspension
of operations, and (3) slower-than-expected capacity growth could delay new customers
coming on board. (RC)

Remark: Real time quote last updated: 30/11/2021 17:59
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