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Hong Kong stocks movement | Shenzhou International Group Holdings Limited Unsponsored ADR (02313) rose nearly 3% as Nike's second fiscal quarter revenue exceeded expectations. Institutions are bullish on the company's steady revenue growth next year.
Shenzhou International Group Holdings Limited Unsponsored ADR (02313) rose nearly 3%, as of the time of writing, up 2.68%, trading at 61.3 Hong Kong dollars, with a turnover of 66.6912 million Hong Kong dollars.
Guosheng Securities: Maintains a "Buy" rating on Shenzhou International Group Holdings Limited Unsponsored ADR (02313). Steady growth performance is expected to continue in H2 2024.
Guosheng Securities expects Shenzhou International Group Holdings Limited Unsponsored ADR's net income for 2024, 2025, and 2026 to be 5.8, 6.55, and 7.39 billion yuan respectively.
[Brokerage Focus] Guosheng Securities maintains a "Buy" rating on Shenzhou International Group Holdings Limited Unsponsored ADR (02313), estimating that the company's revenue is expected to grow steadily by more than 10% next year.
Jinwu Financial News | Guosheng Securities stated that based on past Business trends, it is determined that the recent Orders of Shenzhou International Group Holdings Limited Unsponsored ADR (02313) are still steadily increasing year-on-year, estimating a year-on-year shipment growth of over 15% in H2 2024 (determination exceeds previous expectations); considering the changes in the company's customer structure, it is estimated that the sales unit price in H2 2024 may still decline year-on-year, but the decline will be narrower than in H1 (H1 2024 experienced a high double-digit year-on-year decline). From the perspective of profitability quality, the company's gross margin in H1 2024 increased year-on-year by 6.6 percentage points to 29.0% (the gross margins for H1 2023 and H2 2023 were 22.4% and 25.8% respectively.
Ping An Securities Light Industry and Textile Clothing 2025 strategy: Focus on the dual main lines of valuation bottoms in sports and outdoor as well as home furnishings.
The current valuation of the textile Outfits Sector is in a low oscillation period, and the market has fully priced in the pessimistic expectations for downstream; the light industry Sector's valuation is recovering positively, and the valuation is expected to maintain an upward trend.
Why Shenzhou International Group Holdings Limited (HKG:2313) Could Be Worth Watching
Bank of America Securities: Reaffirms shenzhou international group holdings limited unsponsored adr "buy" rating with a target price of 85 Hong Kong dollars.
Bank of America Securities released a research report stating that recent channel checks on shenzhou international group holdings limited unsponsored adr (02313) and the OEM supply chain show a healthy trend for the second half of this year. Despite some uncertainties with Nike, it basically aligns with the order outlook for 2025, and industry consolidation continues. A target price of 85 Hong Kong dollars is given, along with a reaffirmed 'buy' rating for shenzhou international group holdings limited unsponsored adr. The bank expects the company's sales growth to reach the mid-teens percentage in 2024, with a sales increase of over 10% expected in the second half of the year.
