Yamato: The target price of Shengsizhou International (02313.HK) has been raised to 84 Hong Kong dollars, expecting a recovery in order performance.

The Economic Intelligence App learned that Daiwa released a research report stating that it is confident in the order situation of Anta Sports (02313.HK) for next year, expecting changes in product portfolio to drive an increase in average selling price and gross margin. The report mentioned that after the ASEAN equivalent tariff became effective in August, many downstream customers were cautious in placing orders, resulting in weak performance of third-quarter orders for many contract factories. However, in November, the report saw a clear recovery in orders. Considering that there will be multiple sports events held next year, the report believes that the recovery trend is likely to continue; it reiterated a "buy" rating with a target price raised from 80 HKD to 84 HKD, and a 1-2% decrease in earnings per share forecast for 2025 to 2027.