Shenzhou International 2313

Shenzhou International 2313

Postby winston » Tue Aug 21, 2018 10:05 pm

not vested

Shenzhou International 申洲國際 (2313 HK)

Shenzhou International (SZ) is one of the largest vertically integrated knitwear manufacturers in China, with renowned international brand clients, including Nike, Adidas, Uniqlo and Puma.

Nearly 35% of SZ total revenue in 2017 was sourced from Nike, given its Nike Flyknit sneakers’ outsole supply.

The second largest client was Adidas, with 29% of the total revenue.

Taking into account that Nike China sales grew 19% and 25% yoy in 3Q and 4Q18FY, SZ orders should propel.

In addition, RMB is expected to slide in 2H18 and the full year foreign currency effect should be positive to SZ.

Riding on consumption upgrade in China, we recommend BUY with a target price of HK$95.00.

http://www.shenzhouintl.com/en/index.asp

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Shenzhou International 2313

Postby winston » Wed Dec 14, 2022 11:40 am

not vested

Shenzhou International Group Holdings Ltd (2313 HK)
Take partial profits following quick +38% share price gains


Established in 1990, Shenzhou International is the largest vertically integrated knitwear manufacturer globally with strong research and development capabilities, solid execution capability and entrenched relationships with key international leading brands which include Nike, Adidas, Puma and Uniqlo.

Its manufacturing facilities are located in China (Ningbo and Anhui), Vietnam and Cambodia, providing the company with ability to shift production.

By segments, sportswear contributes the majority of its revenues (~73.9% in FY21) while the balance of revenues is derived from casual wear and lingerie wear/others, which accounted for ~19.8% and ~6.4% of FY21 revenues respectively.

2021 revenues breakdown by geography: Mainland China 31.7%, Europe 19.8%, US 16%, Japan 14%, balance from other countries/international.

Near-term concerns include worries over order growth, inventory risks and the impact of recessionary risks on demand from its key clients.

Over the medium-term, the company’s strategy of expanding in ASEAN countries should be supportive of its margins and growth prospects. BUY.

Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am


Return to S to Z

Who is online

Users browsing this forum: No registered users and 4 guests

cron