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<Research>CCBI Forecasts Limited Impact of US 100% Tariff on CN Textiles, Home Appliances, IP Toys
Recommend 7 Positive 19 Negative 10 |
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US President Donald Trump added another 100% tariff on Chinese imports, which was expected by CCBI to have limited impact on textiles, home appliances, and IP toys in China, CCBI released a report as saying. Pure domestic consumption stocks have valuation support. Purely domestic stocks have valuation support, and the newly announced tariff policy is expected to affect recent market sentiment, but to a lesser extent than in April. Among the companies covered by the broker, ANTA SPORTS (02020.HK), LI NING (02331.HK), JNBY (03306.HK), NONGFU SPRING (09633.HK), TINGYI (00322.HK), MIXUE GROUP (02097.HK), CHINA RES BEER (00291.HK), MENGNIU DAIRY (02319.HK), and Yili (600887.SH) are potential beneficiaries. A potential slowdown in the US economy remains the main downside risk, although CCBI viewed the probability is low at this point. AASTOCKS Financial News Website: www.aastocks.com |
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