Added to YB: 2026-03-25
Pitch date: 2026-01-24
2313.HK [bullish]
Shenzhou International Group Holdings Limited
-14.02%
current return
Author Info
No bio for this author
Company Info
Shenzhou International Group Holdings Limited, an investment holding company, manufactures and sells knitwear products in Mainland China, the European Union, the United States, Japan, and internationally.
Market Cap
HKD 71.7B
Pitch Price
HKD 61.35
Price Target
104.00
Dividend
5.09%
EV/EBITDA
7.87
P/E
11.05
EV/Sales
1.92
Sector
Textiles, Apparel and Luxury Goods
Category
value
Shenzhou International Group Holdings Limited - $2313.HK
2313.HK: World's largest sportswear OEM (Nike 25%, Uniqlo 28%, Adidas 18%, Puma 10%). EPS CAGR 11% L10Y, 18-20% ROE, 28-30% GP margin. Now 13x PE vs 22x L10Y avg on tariff fears (overdone—47% China/27% Vietnam/26% Cambodia capacity allows flexible production shifts; only 16% US exports). Wallet share gains outpacing client retail sales (+19% YoY H1 top 4). Margin recovery to 27%+ as Cambodia ramps. 2026E EPS 5.2, 20x PT = 70% upside. 4-5% yield, founder 42% owned.
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