Citibank: Expects the impact of US metal tariffs on Chuangke Industries to be slight, and the stock price falling is a good opportunity to enter the market.

Citibank released a research report stating that the US government has implemented comprehensive reforms to Section 232 tariffs, imposing a 50% tariff on imported steel and aluminum products starting from April 6, and a 25% tariff on derivative products. The bank believes that this tariff will have a minor impact on Chuangke Industrial. The bank estimates that all metal products only account for 7% to 9% of Chuangke Industrial's sales costs, and domestic production in the US accounts for about 15% of its total output in the US. In addition, Chuangke Industrial has buffer space as the tariffs in Vietnam have been reduced from 20% to 10% after a ruling by the US Supreme Court, and Vietnam is its largest production base for sales in the US. The bank believes that if the stock price of Chuangke Industrial falls due to related news, it will provide a better buying opportunity; now the target price is set at 150 Hong Kong dollars with a "buy" rating.