GO
| HSI1 | 24,963.23 | -247.58 | 209.88B |
| HSCEI1 | 8,271.06 | -81.61 | 65.42B |
| Back Zoom + Zoom - Block Traded | |
|
2026-07-24 15:04:35 The US newly imposed tariff rate on China is 12.5% under Section 301, CLSA said in a report. Compared with the tariff rate around the "Liberation Day" in early April 2025, US tariffs on Chinese home appliance products have been reduced from 70% to 52.5%. Although the tariff rate remains elevated, it at least keeps the export business viable. The broker said a positive development is that exports to Asia and Europe are accelerating in recovery, mainly driven by importers entering the inventory replenishment cycle. Even the domestic sales base is easier to compare with the same period last year. However, earnings growth in 2Q26 will still face pressure. Taking into account FX losses and raw material cost pressure, the broker slightly lowered the H-share TP of MIDEA GROUP (00300.HK) from HKD104 to HKD103, while maintaining the H-share TP of HAIER SMARTHOME (06690.HK) at HKD25. Both stocks were rated Outperform. ~ AASTOCKS Financial News Website: www.aastocks.com | |