HK Stock Market Move | SHENZHOU INTL(02313) rises more than 8% during trading hours, January Vietnam textile/shoe exports maintain positive growth, customer recovery may become a positive catalyst.

SHENZHOU INTL (02313) rose more than 8% during trading hours, and at the time of writing, it had risen by 7.08% to HK$63.5, with a turnover of HK$643 million. Guosen pointed out that in January, Vietnamese textile and footwear exports grew by 3.4% and 2.7% respectively compared to the same period last year, maintaining positive growth on a high base; Jiuyang and Ruhong, clothing OEM factories, had impressive revenue performance in January, with high visibility of current orders and optimistic expectations for 2025, maintaining a high level of prosperity in the textile manufacturing industry. Jiuyang's revenue in January reached a new high for the same period, mainly due to active shipments from American customers before the tariffs, with management indicating that order volume for 2025 is expected to increase, the specific extent of which will be evaluated after Trump's policy clarity. UBS previously stated that considering the time needed for the company to regain growth momentum with its major client Nike, they have revised down the sales forecast for 2025 and 2026 by 2.3% and 6%, and the profit forecast for 2024 to 2026 by 3% to 10%. The bank believes that Shenzhou may actively seek more market share from other clients, with an estimated order growth rate of more than 10% this year, while looking forward to a gradual recovery in the second half of 2025 and 2026 for its clients, which could serve as a positive catalyst for the stock price.