Shenzhou International (02313) rose more than 4%. As of press release, it rose 4.26% to HK$74.7, with a turnover of HK$194 million.
The Zhitong Finance App learned that Shenzhou International (02313) rose more than 4%. As of press release, it had risen 4.26% to HK$74.7, with a turnover of HK$194 million.
Caitong Securities pointed out that the peak camping season in April and the May Day Dragon Boat Festival holiday began in the second quarter, which is expected to boost demand for sneakers and clothing. Currently, inventories of various brands have returned to a healthy level, and they are optimistic about discount repairs and profit improvements under terminal retail recovery. Furthermore, at present, brand inventory has been declining for several consecutive quarters, but future sales expectations are still low, and it is expected that stocks will be replenished as retail improves. Furthermore, in recent years, orders from brands have gradually been skewed towards leading suppliers. By expanding customers and categories, the recovery in orders is expected to lead the industry. It is recommended to pay attention to Shenzhou International and others.
Citigroup's previous research report said that Shenzhou's revenue growth rate is expected to be 12% this year, and indicates that the company has resumed positive growth since the fourth quarter of last year, and the relevant performance is expected to be maintained in the first quarter of this year. The bank expects the company's gross margin to rise further by 3.5% to 27.8% this year, and believes that the dividend ratio will remain above 60% in the future.