Trump's tariff attitude was reversed, and apparel stocks clearly rebounded today. As of press release, Jingyuan International (02232) rose 15.54% to HK$4.61; Yuyuan Group (00551) rose 8.05% to HK$11.28.
The Zhitong Finance App learned that Trump's tariff attitude was reversed, and apparel stocks clearly rebounded today. As of press release, Jingyuan International (02232) rose 15.54% to HK$4.61; Yuyuan Group (00551) rose 8.05% to HK$11.28; Jiuxing Holdings (01836) rose 6.21% to HK$14.36; and Shenzhou International (02313) rose 4.16% to HK$48.8.
According to the news, US President Trump said on the 9th local time that he has authorized countries that do not take retaliatory action to suspend tariffs for 90 days. CITIC Securities believes that the ability of textile garment OEMs to organize large-scale employees to efficiently produce, cooperate with customers in product development, and provide stable product delivery and quality is still scarce. At the same time, this round of tariff disturbances will further accelerate the clearance of small and medium-sized production capacity, and leading foundries are expected to continue to increase their share in the long term. Morgan Stanley's previous research report pointed out that for clothing OEMs, the bank is optimistic about Shenzhou International's high profits, and compared to other OEMs, its revenue exposure to the US market is low, followed by Jingyuan International. As for footwear OEMs, the bank is optimistic about Jiuxing Holdings and Yuyuan in turn.
