HK Stock Market Move | MAN WAH HLDGS (01999) is now down more than 5%, with the resilience of performance highlighted under the impact of tariffs. Bank of America has lowered next year's profit forecast.

MAN WAH HLDGS (01999) is currently down more than 5%, as of the time of writing, it has dropped by 5.1% to HK$4.84, with a turnover of HK$37.7751 million. On the news front, on November 14, Man Wah Holdings released its interim results up to the end of September, with operating income of approximately HK$8.045 billion, a year-on-year decrease of about 3.1%. Revenue in the mainland market decreased by 6% year-on-year to HK$4.74 billion; net profit was HK$1.1456 billion, a year-on-year increase of 0.6%. Cinda stated that looking ahead, the gradual implementation of tariff sharing may have an impact on the reported profitability, but the company continues to reduce costs and increase efficiency, with overall prospects for stability. Bank of America released a research report stating that the target price for MAN WAH HLDGS has been raised by 15% from HK$4.6 to HK$5.3. The bank reiterated a "neutral" investment rating for Man Wah, as the resilience of its profit margins and a 6% dividend yield partially offset uncertainties regarding tariff policies and domestic demand. The bank has lowered its net profit forecast for the fiscal year 2026 by 2% to reflect the tariff increases announced in October.