Goldman Sachs: Maintains Buy rating on Veken Technology (00669.HK) and lowers target price to HK $92.3

According to the Wisdom Financial APP, Goldman Sachs released a research report stating that the development prospects of the industrial technology sector in China may be differentiated under the impact of US tariffs. Since the US implemented equivalent tariff policies at the beginning of this month, and imposed tariffs on many countries, the stock price of Chuangke Industry (00669.HK), which has a large exposure to the US market, has fallen by 17%. Based on factors such as increased US sales costs, rising product prices weakening the purchasing power of US customers, Goldman Sachs has downgraded Chuangke's earnings per share forecast for 2025 to 2030 by 16% to 26%. Goldman Sachs maintains a "buy" rating on Chuangke, with a target price lowered to HK$92.3, overall risk return slightly tilted towards the positive side.