E = Morgan Stanley Research estimates.Stock implicationsWe initiate coverage on Shennan Circuits (002916.SZ) with an Overweight rating and a price target of Rmb215, which implies 42x 2021 P/E, slightly higher than its historical range (since its IPO at the end of 2017) of 11-41x. ...
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (ot...