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<Research> G Sachs Lowers TP for SHENZHOU INTL (02313.HK) to HKD57, Maintains 'Buy' Rating
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G Sachs published a research report indicating that SHENZHOU INTL (02313.HK)'s net profit for the second half of last year was 11% lower than the firm's expectations, mainly due to lower-than-expected gross and operating profit margins, and higher-than-expected foreign exchange losses. Benefiting from the commencement of a new garment factory in Cambodia and improved efficiency of existing facilities, management expects mid-single-digit growth in sales volume by 2026. The firm lowered its net profit forecast for SHENZHOU INTL for 2026 to 2027 by 7% to 8%, and reduced the target price from HKD67 to HKD57, equivalent to a forecast P/E ratio of 13 times for 2026 (compared to the previous 14 times), to reflect the slowdown in earnings growth, maintaining a 'Buy' rating. (ec/u) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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