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RTNominal down154.900 -1.500 (-0.959%)
Research Report

28/04/2021 17:14

{I-bank focus}Nomura raises Shenzhou Intl to HK$196.2

[ET Net News Agency, 28 April 2021] Nomura raised its target price for Shenzhou
International Group (02313) to HK$196.2 from HK$173.7 and maintained its "buy" rating.
The research house said it sees a minor impact to Shenzhou's operations despite the
issues evolving around Xinjiang cotton and a volatile COVID-19 backdrop, which it believes
highlights Shenzhou's flexible business model and management's strong ability to react
quickly and accommodate the necessary changes. It sees market share gain potential for
Shenzhou on stable capacity in China alongside aggressive overseas capacity expansions.

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