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RTNominal up73.350 +3.550 (+5.086%)
Research Report

09/11/2023 15:03

{I-bank focus}Daiwa raises Shenzhou Intl (02313) to HKD110

[ET Net News Agency, 9 November 2023] Daiwa raised its target price for Shenzhou Intl
(02313) to HKD110 from HKD100 and maintained its "buy" rating.
The research house said regarding order book recovery for 2024, it believes Shenzhou
will register low-teens volume growth YoY in 2024, as international sportswear clients'
destocking is largely complete, and they have already started to place orders for their
new products, instead of focusing on selling down their old inventories.
It lifts 2024-25E earnings by 4-5% on faster GPM recovery and strong sales volume growth
over forecast horizon. (RC)

Remark: Real time quote last updated: 18/04/2024 16:22
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