[ET Net News Agency, 2 June 2021] Nomura lowered its target price for Shenzhou Intl
(02313) to HK$185.3 from HK$196.2 and downgraded its rating to "neutral" from "buy".
The research house said it sees multiple headwinds emerging for Shenzhou due to (1) CNY
appreciation, (2) COVID-19 outbreak in Cambodia and Vietnam which could negatively impact
capacity increase as recruitment could be delayed and lead to further temporary suspension
of operations, and (3) slower-than-expected capacity growth could delay new customers
coming on board. (RC)