Lates News

Yamato released a research report which quoted the management of Chuangke Industrial as saying that it is still too early to quantify the direct impact of ongoing global trade negotiations on the company's profits. The bank currently expects any adverse effects of tariffs to mainly appear in the second half of the year. However, due to Chuangke Industrial's strong balance sheet, powerful brand momentum, and diversified global supply chain layout, it is anticipated that the company, although facing short-term trade headwinds, still has the potential to accelerate its global market share. The bank has lowered Chuangke Industrial's earnings per share forecast for 2025 to 2027 by 10% to 13% to reflect the profit pressure from tariffs, and has revised down the valuation basis to an average price-to-earnings ratio of 22 times for the next two years (compared to the previous forecast of 25 times for this year), adjusting the target price accordingly from 145 Hong Kong dollars to 120 Hong Kong dollars and reaffirming a "buy" rating.