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<Research>CLSA Cuts SHENZHOU INTL (02313.HK) TP to $75, Trims Profit Forecast
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SHENZHOU INTL (02313.HK), propelled by Adidas and Uniqlo, is expected to post a 9% sales growth in 2025, while ASP may remain stable, according to a research report by CLSA. The broker assumed that the downside risk in the medium term to the group from the US tariff hike is limited. CLSA believed that Shenzhou will be on the ride of OEM's replenishment cycle. Considering investors' concerns about geopolitical risks and Nike's moderate order outlook, it lowered its FY2025-26 earnings forecast on the company by 5-6%, and trimmed its target price from $98 to $75, with an Outperform rating. AAStocks Financial News |
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