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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.
