Shenzhou International's Share Price Weakness May Be an Overreaction -- Market Talk
Dow Jones
Yesterday
0443 GMT - Shenzhou International's share price weakness may be an overreaction, according to Morningstar's Ivan Su in a research note. The supplier for global brands, including Nike, saw its share price decline more than 10% following Nike's weak results in China, the analyst notes. The reaction is "excessive," Su says. "While Nike China underperformed, it's important to note that only about 25% of Shenzhou's revenue is derived from China, with an even smaller portion tied specifically to Nike China," he says. Morningstar maintains its fair value estimate of HK$110.00. Shares were last 1.3% lower at HK$62.25.(tracy.qu@wsj.com)
(END) Dow Jones Newswires
January 07, 2026 23:43 ET (04:43 GMT)
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