Citibank: Target price of HK$108 for Shenzhou International (02313)'s “buy” rating

The Zhitong Finance App learned that Citi released a research report stating that it gave Shenzhou International (02313) a “buy” rating, with a target price of HK$108. As Adidas's results for the first quarter of 2024 were better than expected and the 2024 revenue guidance was raised, it was raised from the previous middle single digits to the medium to high single digits, which is expected to have a slight positive impact on Shenzhou. The bank said that Adidas accounted for 14.8% of Shenzhou's total revenue in 2023, leading to a double-digit increase in Shenzhou international orders. At the same time, Adidas also had the highest order growth in 2024 among Shenzhou International's top four customers. Shenzhou's biggest customer, Nike, then

Zhitong FinanceApr 18 02:30 ET

Changes in Hong Kong stocks | Shenzhou International (02313) is now up more than 4%. Downstream brand customers are leaving inventory, and order recovery from leading companies is expected to lead the industry

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 indicated that the peak camping season in April and the May Day Dragon Boat Festival holiday will start in the second quarter, which is expected to be boosted

Zhitong FinanceApr 17 22:09 ET

We Think Shenzhou International Group Holdings (HKG:2313) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know wor

Simply Wall StApr 12 20:31 ET

Changes in Hong Kong stocks | Shenzhou International (02313) rose more than 4%, and the brand left the inventory to gradually eliminate suppressing factors, and the beginning of the peak season is expected to boost demand for sports shoes and clothing

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.

Zhitong FinanceApr 10 02:18 ET

Shenzhou International Group Holdings Limited Just Missed Revenue By 6.6%: Here's What Analysts Think Will Happen Next

It's been a good week for Shenzhou International Group Holdings Limited (HKG:2313) shareholders, because the company has just released its latest annual results, and the shares gained 8.0% to HK$74.10

Simply Wall StMar 28 19:24 ET

Citibank: The target price for Shenzhou International's “buy” rating was raised to HK$108

Citi released a research report stating that it gave Shenzhou International (02313) a “buy” rating, raised the earnings forecast per share from 2024 to 2025 by 3% to 4%, and raised the target price from HK$102 to HK$108.

新浪港股Mar 28 05:00 ET