The Zhitong Finance App learned that Shenzhou International (02313) is now up more than 4%. As of press release, it has risen 4.3% to HK$72.8, with a turnover of HK$963.371 million.
GF Securities pointed out that with the end of inventory removal from downstream brand customers, demand is expected to pick up. It is optimistic that the company's orders will resume growth in 24, and a return to normal capacity utilization is expected to drive an increase in gross margin. Although Nike and Lulululemon are both cautious about future performance guidelines recently, they are optimistic that the company's share of brand customers will increase further.
Caitong Securities previously 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 sports shoes 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.