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UBS: US-Vietnam Trade Deal May Raise TECHTRONIC IND (00669.HK) US Mkt Shr
2025-07-04 10:41:19
US President Donald Trump posted on a social media saying that the US and Vietnam have reached a trade agreement, which mainly consists of a 20% tariff on Vietnamese goods and a 40% tariff on goods transshipped through Vietnam, according to UBS' research report.

The broker believed that TECHTRONIC IND (00669.HK) can cope with rising costs through a number of measures, even though over 50% of its US sales are supplied by Vietnam capacities. Given TECHTRONIC IND's global output allocation, it is expected to gain more market share.

Therefore, UBS kept rating at Buy for TECHTRONIC IND, with a target price of $120.
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