[ET Net News Agency, 1 June 2021] Daiwa raised its target price for Shenzhou
International Group (02313) to HK$210 from HK$200 and downgraded its rating to
"outperform" from "buy".
The research house said it cuts its 2021E earnings by 2% due to its more conservative
volume forecast in Vietnam, but lifts its 2022-23 earnings forecasts by 3-6% as the
capacity increases are merely pushed back while Shenzhou is likely to gain additional
market share. (RC)