Jianyin International: Maintains Shenzhou International Group Holdings Limited Unsponsored ADR "Outperform Market" rating, Target Price lowered to HKD 83.
Jianyin International has released a research report stating that it maintains a "buy" rating for Shenzhou International Group Holdings Limited Unsponsored ADR (02313), while reducing its profit forecasts for the company for the next two years by 3% and 5%, respectively, to reflect a slowdown in gross margin expansion. The Target Price has been lowered from 107 Hong Kong dollars to 83 Hong Kong dollars. As for next year, the bank expects an 11% increase in orders, with average selling prices expected to turn positive due to rising costs. The expectation is for a significant gross margin expansion in the second half of next year, with an annual profit growth of 13%. The bank stated that it reaffirms Shenzhou International as the main beneficiary of restocking by international brands in the second half of the year, anticipating an 8% increase in revenue for Shenzhou in the second half, primarily due to...
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NoWomanNoCry : Based on a few days and u call it a down trend? lol
LazySleepyTrader OP NoWomanNoCry : yup.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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70518060 : I've told you a long time ago it's falling.
70518060 : These Stocks in China are going to fall to delisting. End up selling by the catty as rags.
70518060 : I have always been telling everyone about the big drop.