Chervon Likely Planning Measures to Mitigate U.S. Tariffs -- Market Talk

Dow Jones

04-01

0217 GMT - Chervon is likely planning to take measures to mitigate U.S. tariffs on China, based on non-deal roadshow with the company's chairman and CEO, Daiwa Capital Markets analysts say in a research report. One measure is accelerating capacity relocation to Vietnam, with an aim for capacity in Vietnam to account for 30% of group-wide capacity by end-2025, the analysts note. Another is working with channel partners to share roughly half of the extra tariff burden. To reflect assumptions of additional tariffs and efficiency losses on relocation, the brokerage cuts its 2025-2026 earnings forecasts for the Chinese tool manufacturer by 6%-18%. It lowers the stock's target price to HK$26.00 from HK$28.00 and maintains a buy rating. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 31, 2025 22:18 ET (02:18 GMT)

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One measure is accelerating capacity relocation to Vietnam, with an aim for capacity in Vietnam to account for 30% of group-wide capacity by end-2025, the analysts note. Another is working with channel partners to share roughly half of the extra tariff burden. To reflect assumptions of additional tariffs and efficiency losses on relocation, the brokerage cuts its 2025-2026 earnings forecasts for the Chinese tool manufacturer by 6%-18%. It lowers the stock's target price to HK$26.00 from HK$28.00 and maintains a buy rating. 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One measure is accelerating capacity relocation to Vietnam, with an aim for capacity in Vietnam to account for 30% of group-wide capacity by end-2025, the analysts note. Another is working with channel partners to share roughly half of the extra tariff burden. To reflect assumptions of additional tariffs and efficiency losses on relocation, the brokerage cuts its 2025-2026 earnings forecasts for the Chinese tool manufacturer by 6%-18%. It lowers the stock's target price to HK$26.00 from HK$28.00 and maintains a buy rating. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2025 22:18 ET (02:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02285","symbol_name":"泉峯控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524618466","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524618466","pubTimestamp":1743473880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0217 GMT - Chervon is likely planning to take measures to mitigate U.S. tariffs on China, based on non-deal roadshow with the company's chairman and CEO, Daiwa Capital Markets analysts say in a research report. One measure is accelerating capacity relocation to Vietnam, with an aim for capacity in Vietnam to account for 30% of group-wide capacity by end-2025, the analysts note. Another is working with channel partners to share roughly half of the extra tariff burden. To reflect assumptions of additional tariffs and efficiency losses on relocation, the brokerage cuts its 2025-2026 earnings forecasts for the Chinese tool manufacturer by 6%-18%. It lowers the stock's target price to HK$26.00 from HK$28.00 and maintains a buy rating. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02285":"泉峰控股","BK1214":"家用电器"},"translate_title":"泉峰可能计划采取措施减轻美国关税——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02285":1},"content_text":"0217 GMT - Chervon is likely planning to take measures to mitigate U.S. tariffs on China, based on non-deal roadshow with the company's chairman and CEO, Daiwa Capital Markets analysts say in a research report. One measure is accelerating capacity relocation to Vietnam, with an aim for capacity in Vietnam to account for 30% of group-wide capacity by end-2025, the analysts note. Another is working with channel partners to share roughly half of the extra tariff burden. To reflect assumptions of additional tariffs and efficiency losses on relocation, the brokerage cuts its 2025-2026 earnings forecasts for the Chinese tool manufacturer by 6%-18%. It lowers the stock's target price to HK$26.00 from HK$28.00 and maintains a buy rating. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 31, 2025 22:18 ET (02:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}