Shares of MAN WAH HLDGS (01999) plummeted 5.69% in intraday trading, as investors reacted to the company's recently released interim results and growing concerns over tariff impacts. The Hong Kong-listed furniture manufacturer's stock was trading at HK$4.84, with a turnover of HK$37.78 million by midday.

The sharp decline came after MAN WAH HLDGS reported mixed interim results for the period ending September. While the company's net profit rose slightly by 0.6% to HK$1.1456 billion, its revenue declined 3.1% year-on-year to approximately HK$8.045 billion. Notably, revenue from the crucial mainland market fell 6% to HK$4.74 billion, raising concerns about domestic demand in China.

Adding to investor worries, Bank of America (BofA) trimmed its FY2026 net profit forecast for MAN WAH HLDGS by 2%, citing the Section 232 tariff hike announced in October. Despite this, BofA raised its target price for the stock by 15% from HK$4.6 to HK$5.3, maintaining a "Neutral" rating. The bank highlighted the company's margin resilience and attractive 6% dividend yield as partial offsets against tariff policy risks and uncertain domestic demand. Meanwhile, Cinda Securities noted that while tariff impacts may weigh on reported profitability, the company's cost-cutting measures and operational efficiency improvements are expected to help sustain stability.