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Hong Kong stock movement | Shenzhou International Group Holdings Limited Unsponsored ADR (02313) rises over 3% as Morgan Stanley expects the company's shipment volume to increase by 15% year-on-year in the second half of 2024.
Shenzhou International Group Holdings Limited Unsponsored ADR (02313) surged over 3%, as of the time of writing, up 3.5%, priced at 60.55 HKD, with a transaction volume of 0.196 billion HKD.
Morgan Stanley: Maintains the "Shareholding" rating for Shenzhou International Group Holdings Limited Unsponsored ADR (02313) and lowers the Target Price to HKD 77.
Morgan Stanley believes that the company can continue to function as an OEM and grow rapidly. The company is expected to achieve a 15% year-on-year increase in shipments in the second half of 2024.
The Returns On Capital At Shenzhou International Group Holdings (HKG:2313) Don't Inspire Confidence
Guosen: Changes in competitive trends of sports brands for 2024 and outlook for 2025.
Against the backdrop of a continued increase in domestic residents' participation in sports, the advantages of functional product growth are expected to continue, with brands that have product word-of-mouth effects and Technology upgrades benefiting from growth dividends.
Hong Kong stock movement | Shenzhou International Group Holdings Limited Unsponsored ADR (02313) declines over 6% after surging nearly 9% yesterday, affected by Trump's tariff policy impacting export stocks.
Shenzhou International Group Holdings Limited Unsponsored ADR (02313) declined over 6%, after surging nearly 9% yesterday. As of the time of writing, it has dropped 6.12%, priced at 59.05 Hong Kong dollars, with a transaction volume of 0.163 billion Hong Kong dollars.
[Brokerage Focus] Jefferies points out that MINISO (09896) and most CSI China Mainland Consumer Index stocks can absorb the 10% tariffs imposed by the US on China.
King Wu Financial News | Credit Suisse's research report evaluates the USA's announcement on February 1st to impose a further 10% tariff on imports from China and to update the company list. The report also reiterates its view that tariffs on commodities from China will impact brands, retailers, and consumers in the short term, but over time, companies should be able to absorb the effects, with some companies performing better. However, at this stage, Credit Suisse emphasizes that it is still uncertain whether this marks the beginning of a trade war or whether an agreement will be reached. The firm believes that based on the demand situation and the gross margin of the companies covered, they should be able to handle the 10% tariff well.
