HSBC cuts target for Shenzhen International stock to HKD 7.00

Published on 10/25/2026 at 00:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 23.40 percent to HKD 8.23 billion. Shenzhen International stock posted a HKD 221.00 million loss through June.

Interim results and analyst view

HSBC cut its target to HKD 7.00 on October 2, 2026.
First-half revenue rose 23.40 percent to HKD 8.23 billion through June 30, 2026.
Shenzhen International reported a HKD 221.00 million attributable loss for the first half of 2026.
The company operated 63 logistics port projects as of June 30, 2026.

Shenzhen Intl, BMG8086V1467, Illustration mit AI erstellt.

Shenzhen International reported first-half revenue of HKD 8.23 billion, up 23.40 percent year over year, while Futunn reported on October 2, 2026 that HSBC cut its target for Shenzhen International stock from RMB 10.30 to RMB 7.00 and kept a Buy rating.

The result combines stronger operating revenue with a sharp earnings reversal. For the six months ended June 30, 2026, the company posted a HKD 221.00 million loss attributable to ordinary shareholders, compared with a HKD 490.00 million profit a year earlier, according to GMT Eight.

What drove the earnings reversal?

Fair value losses on investment properties and losses from joint ventures were central factors in the first-half result. The logistics operations division generated HKD 1.179 billion of revenue, up 19.00 percent year over year, but reported an attributable loss of HKD 22.00 million as newer projects remained in an early operating phase.

Port and related services produced HKD 2.775 billion of revenue during the same period. Attributable profit in that activity fell 12.00 percent to HKD 10.59 million, with competition pressuring margins, according to GMT Eight.

Three dates frame the stock

On August 28, 2026, the interim results showed HKD 8.23 billion of revenue. On October 2, 2026, HSBC cut its target to RMB 7.00 while retaining its rating. On October 19, 2026, Yahoo Finance reported that the Hong Kong-listed stock was down 38.40 percent year to date.

Expansion adds operating scale

As of June 30, 2026, Shenzhen International managed 63 logistics port projects across 43 cities, with an operational area of 8.61 million square meters. That footprint gives the revenue increase a tangible operating base, while the loss shows how property valuations and project ramp-up can still dominate reported earnings.

Stock context and company scale

Shenzhen International is listed on HKEX under ticker 00152 and operates logistics infrastructure, toll roads, ports and related services. The company had completed logistics layouts in 43 cities as of June 30, 2026, providing a dated operating benchmark for the market's assessment of its expansion strategy.

The further course of trading is shown by the continuously updated real-time quote of Shenzhen Intl stock.