[ET Net News Agency, 26 April 2018] UBS Global Research initiated coverage on Shenzhou
International (02313) with a "buy" rating, and a target price of HK$99.
The research house is more positive than the market about the sustainability of strong
sales growth over the next three years. UBS thinks Shenzhou could continue to gain market
share from peers, supported by robust demand growth in the China market, continuous
product R&D and competitive production costs.
UBS said Shenzhou is capable of rapidly ramping up new plants overseas, which positions
it well to gain more orders and stay profitable. In 2018/19, Shenzhou will have new
garment/fabric capacity in Cambodia and Vietnam, and it will increase output at its Ningbo
plants through automation by end-2019. (KL)
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02313 SHENZHOU INTL
Nominal 
73.350 0.000 (0.000%) Others
26/04/2018 14:43
[I-bank focus]UBS starts Shenzhou Int'l (02313) at HK$99
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