Group 1 - The core viewpoint of the article is that DBS has upgraded its target price for Shenzhou International (02313) to HKD 67.5 and raised its rating to "Buy" [1] - Shenzhou International's sales increased by 15.3% year-on-year in the first half of the year, with strong performance in the leisurewear segment [1] - The company has a dividend payout ratio of 59.6%, resulting in a dividend yield of approximately 4-5% [1] Group 2 - Despite rising labor costs leading to a decrease in gross margin, it is expected that the gross margin will stabilize in the second half of the year as labor cost adjustments have already been reflected in the stock price [1] - DBS has raised its target price from HKD 49.2 to HKD 67.5, indicating a positive outlook for the company's performance [1] - The rating upgrade from "Hold" to "Buy" reflects confidence in Shenzhou International's recovery and growth potential [1]
星展：升申洲国际(02313)目标价至67.5港元 评级升至“买入”