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SHENZHOU INTL Once Up 4%; Citi Sees It as Top Pick Among Apparel ODMs
Recommend 7 Positive 13 Negative 3 |
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SHENZHOU INTL (02313.HK) opened 0.88% higher today and once soared 4% to a peak of HKD47. It last stood at HKD46.38, up 2.61%, with a turnover of 1.4688 million shares, involving HKD68.1483 million. Although most footwear ODMs posted dismal results in 1Q26, apparel ODMs generally executed better, with SHENZHOU INTL remaining its top pick, Citi said in its report. The report expected the company's orders this year to achieve mid-single-digit growth, in line with the guidance provided after its 2025 results. Adidas and Uniqlo will be the two strongest growth drivers among its clients, with growth potentially reaching double digits, sufficient to outpace most of its other customers. In terms of stock picks, Citi favored Chinese apparel ODMs (SHENZHOU INTL over CRYSTAL INTL (02232.HK)) over footwear ODMs (HUALI GROUP (300979.SZ) over YUE YUEN IND (0551.HK)). The broker maintained a Buy rating on SHENZHOU INTL with a TP of HKD75. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. 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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