According to the Wisdom Wealth News APP, Shenzhou International Group Holdings Limited (02313) rose more than 3%, up 3.07% at HKD 85.55 as of press time, with a turnover of HKD 362 million.

On the news front, Bank of America released a research report stating that it had raised Shenzhou International Group Holdings Limited's earnings per share forecast for the next two years by 4% and 3%, respectively, to reflect the company's better-than-expected orders and profit margin recovery, also driving the target price up 4% to HKD 93.5. The bank expects the company's revenue and net profit to increase by 14.5% and 21% in 2024, respectively, consistent with the market, and maintains a "buy" rating.

Goldman Sachs released a report stating that, after seeing stable improvements in the industry and finding that the OEM manufacturers covered by the bank have generally shown sales improvements even exceeding expectations, with healthier inventories, the bank is more optimistic about Shenzhou's order prospects and profit margin recovery. The bank raised Shenzhou's earnings forecasts for 2024-2026 by 7%, and raised the target price from HKD 98 to HKD 105, reiterating a "buy" rating.