Morningstar's Ivan Su said in a research report that the weak stock price of Shenzhou International may have overreacted. The analyst pointed out that after Nike announced its weak performance in China, the stock price of this supplier, which supplies global brands, including Nike, fell by more than 10%. According to Su, this reaction was “excessive”. He said, “Although Nike's business performance in China is poor, it is important to note that only about 25% of Shenzhou International's revenue comes from China, and the portion specifically related to Nike's business in China is even smaller. “Morningstar maintains its fair value valuation of HK$110.00 unchanged.

Morningstar's Ivan Su said in a research report that the weak stock price of Shenzhou International may have overreacted. The analyst pointed out that after Nike announced its weak performance in China, the stock price of this supplier, which supplies global brands, including Nike, fell by more than 10%. According to Su, this reaction was “excessive”. He said, “Although Nike's business performance in China is poor, it is important to note that only about 25% of Shenzhou International's revenue comes from China, and the portion specifically related to Nike's business in China is even smaller. “Morningstar maintains its fair value valuation of HK$110.00 unchanged.