UBS: Tiange International (00826.HK) impact from tightened EU steel industry import restrictions is manageable; maintain "Buy" rating with target price of HK$5.00

Zhitong Finance APP has learned that UBS stated in a research report released recently that, as multiple import restriction measures related to the steel industry began to take effect, market concerns about Tiangong International's (00826.HK) export business to the European Union intensified, leading to a pullback in the stock price. UBS said that after reviewing these measures and discussing them with the company's management, the bank believes that the potential impact of the relevant measures on Tiangong International has been overstated. The bank maintains its "Buy" rating on Tiangong International, with a target price of HK$5.00.