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<Research>Citi Predicts SHENZHOU INTL to Log High Single-Digit Sales Growth Next Yr
Recommend 3 Positive 5 Negative 2 |
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According to a Citi research report, Nike (NKE.US) management's latest guidance for 3FQ sales suggests a low single-digit decline, which is believed to be slightly negative for Nike ODM suppliers such as SHENZHOU INTL (02313.HK). However, Citi remains optimistic about SHENZHOU INTL's ability to expand its market share this year in new product areas such as running, golf, and basketball jerseys. Citi currently forecasts that Nike's sales orders for SHENZHOU INTL will remain flat rather than decline in 2026. Considering the visibility of orders from the top four customers, the broker believes SHENZHOU INTL can achieve high single-digit sales growth in 2026. If SHENZHOU INTL's stock price experiences a pullback due to Nike's cautious outlook, it may present a buying opportunity for investors. Citi has rated SHENZHOU INTL as Buy, with a target price of HKD94. AAStocks Financial News |
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