Nomura: Upgrade Shenzhou International Group Holdings Limited Unsponsored ADR to "buy" rating, with target price raised to 105.5 Hong Kong dollars.

新浪港股 · Aug 29 03:53

Nomura released a research report stating that Shenzhou International Group Holdings Limited Unsponsored ADR (02313) achieved a 12% increase in revenue in the first half of the year, which was nearly 5% lower than market expectations; sales showed a steady growth of over 20%, but the average price fell by 7%. At the same time, the group's mid-term gross margin significantly improved, rising by 6.6 percentage points to 29% year-on-year. The recovery speed of the gross margin exceeded expectations and was higher than the market forecast of 27%. Coupled with a year-on-year improvement of 0.47 percentage points in the operating expense ratio, the company's mid-term profit increased significantly by 61% year-on-year. In addition, due to the favorable prospects of orders in the second half of the year, the company is expanding its production capacity. The bank has raised the group's target price from HKD 104.3 to HKD 105.5 and rated it as "buy".

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野村：予申洲国际“买入”评级 目标价上调至105.5港元

Nomura: Upgrade Shenzhou International Group Holdings Limited Unsponsored ADR to "buy" rating, with target price raised to 105.5 Hong Kong dollars.

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野村：予申洲国际“买入”评级目标价上调至105.5港元