0118 GMT - The U.S.-Vietnam trade deal looks positive for come Chinese industrial companies, Citi analysts say. The U.S. will charge 20% tariffs on Vietnamese goods--instead of 46%--and 40% on U.S.-bound goods from other countries that pass through Vietnam. Citi reckons the U.S. could finalize tariff bills with other Asean countries soon. The newsflow would benefit Techtronic most given that it has high revenue exposure to the U.S., and almost half of U.S. sales were made in Vietnam this year, it adds. Techtronic should be in a better position than rivals like Chervon as it is better placed to avoid transshipment tariffs. By contrast, Chervon is still moving facilities from China into Vietnam. Citi reiterates buy calls on Techtronic, Shenzhou, Stella, Crystal; and sell on Zhejiang Dingli and Chervon. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

July 02, 2025 21:18 ET (01:18 GMT)

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