Shenzhou International (02313) Declines Narrowed to 9% Annual Results Less Than Expected Institutions Collectively Cut Earnings Forecasts_Oriental Fortune

As the profit warning news was digested,Shenzhou International(02313) The decline in midday trading has subsided, and the decline has narrowed to around 9% from 14% in early morning trading. plate,brokerageCollectively publish a review report, pointing out that the companyperformanceSurprise the market, so downgradeprofit predictionand target price. As of press time,Shenzhou InternationalIt fell 9.03% to HK$111.80, with a turnover of HK$1.946 billion.

　　Shenzhou International(02313) After the release of the profit warning, today’s intraday,JPMorgan、Goldman SachsA number of brokerages pointed to lower-than-expected results and lowered their profit forecasts and target prices for the company.

Citi said that the company’s plant utilization rate is expected to increase this year, and the business may see a recovery.interest rate29%, still below the 2020 level of 31.2%.due to grossinterest rateLower-than-expected, lowered its 2021-2023 profit forecast by 32%, 16% and 18%, and lowered the target price from HK$179 to HK$160.CITIC pointed out that under the impact of the epidemic, thenet profitThe adjustment will take some time to digest, and short-term valuations reflecting market sentiment may have some pressure. The 2021-23 EPS forecast is lowered to 2.23/3.25/4.14 yuan (original forecast is 3.67/4.48/5.13 yuan), and the target price is lowered to 147 Hong Kong dollars.

On the evening of March 2, Shenzhou International issued a profit warning, predicting that its net profit in 2021 will drop by about 31% to 39% year-on-year. Shen Zhou emphasized that the suspension of operations of production bases in Cambodia and Vietnam for some time last year was the main reason for the decline in profitability.

(Article source: Zhitong Financial Network)

Article source: Zhitong Financial Network

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Original title: Changes in Hong Kong Stocks | Shenzhou International (02313)’s decline narrowed to 9%, annual results fell short of expectations, and institutions collectively lowered profit forecasts