[ET Net News Agency, 30 March 2021] Macquarie Research cut its target price for
Shenzhou International (02313) by 1% to HK$194 and maintained its "outperform" rating.
The research house said it came out of the results call encouraged by management's
positive tone regarding its 2021 outlook as they continue to expect a solid capacity
outlook for 2021 and 2022, given the ongoing recruitment in Vietnam and Cambodia.
The company also stepped up its efforts on automation and capacity upgrades during 2020,
and Macquarie believes the efficiency gains and other benefits can be carried to 2021 and
beyond. Macquarie lowered its FY2022 earnings estimate by 1%. (KL)