[ET Net News Agency, 18 June 2019] Goldman Sachs lowered its target price for Shenzhou
International (02313) to HK$115 from HK$117 and maintained its "buy" rating.
Shenzhou commented on Goldman's Greater China Corporate Day that year-to-date capacity
growth tracked above management's expectations of high-single-digit to 10% for the full
year. The company originally planned 5% growth for orders to Nike previously but currently
expects more than that.
The research house believes Shenzhou still has the strongest industry position and best
earnings visibility in its coverage. But Goldman cut its net income forecasts for Shenzhou
by 1-2% in 2019-21 to factor in some loss in retail business and additional cost for a
ramp up in capacity for new factories. (KL)
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02313 SHENZHOU INTL
Nominal 
76.300 +2.500 (+3.388%) Others
18/06/2019 11:30
[I-bank focus]Goldman cuts Shenzhou Int'l (02313) to HK$115
| Remark: | Real time quote last updated: 24/04/2024 11:54 |
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