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<Research>UBS: US-Vietnam Trade Deal May Raise TECHTRONIC IND (00669.HK) US Mkt Shr
US President Donald Trump posted on a social media saying that the US and Vietnam have reached a trade agreement, which mainly consists of a 20% tariff on Vietnamese goods and a 40...
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<Research>UBS: US-Vietnam Trade Deal May Raise TECHTRONIC IND (00669.HK) US Mkt Shr
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STOCK INFO

US President Donald Trump posted on a social media saying that the US and Vietnam have reached a trade agreement, which mainly consists of a 20% tariff on Vietnamese goods and a 40% tariff on goods transshipped through Vietnam, according to UBS' research report.

The broker believed that TECHTRONIC IND (00669.HK)  -2.750 (-3.106%)    Short selling $34.26M; Ratio 5.000%   can cope with rising costs through a number of measures, even though over 50% of its US sales are supplied by Vietnam capacities. Given TECHTRONIC IND's global output allocation, it is expected to gain more market share.

Related NewsCiti: US-Vietnam Trade Deal Benefits TECHTRONIC IND
Therefore, UBS kept rating at Buy for TECHTRONIC IND, with a target price of $120.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)

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