Macquarie: maintain Shenzhou International (02313) and other “better than big city” rating, sportswear industry may continue to recover

Macquarie issued a research report to maintain the “better than the big market” ratings of Shenzhou International (02313), Yuyuan group.

Macquarie: maintain Shenzhou International (02313) and other
Macquarie issued a research report to maintain the “better than the big market” ratings of Shenzhou International (02313), Yuyuan group (00551) and taobo (06110), and expected that Chinese sportswear brand retailers will continue to improve in the next few months. In addition, Shenzhou International and Yuyuan group will benefit from last year’s low base, with double-digit revenue growth of footwear and textile suppliers. Macquarie expects the base effect to continue in the next few months, which is conducive to the recovery of footwear manufacturers.