Core Viewpoint - The stock of Crystal International (02232) has seen an increase of over 3%, currently trading at 6.81 HKD with a transaction volume of 10.6 million HKD, driven by favorable market conditions and strategic adjustments in response to tariff changes [1] Group 1: Market Conditions - Starting from August 12, 2025, the U.S. and China will again suspend the implementation of a 24% tariff for 90 days, which is expected to create a customer dividend resonance period for manufacturing companies like Crystal International [1] - Tianfeng Securities indicates that the ongoing impact of tariffs has reshaped the procurement landscape of the U.S. apparel industry, with brand clients leaning towards low-cost alternatives to mitigate the burden of high tariffs [1] - This trend may intensify due to signs of economic weakness in the U.S. [1] Group 2: Company Strategy - In response to market conditions, Crystal International aims to prioritize growth opportunities in Europe and Asia [1] - Vietnam serves as the cornerstone of the company's global production network, accounting for over 60% of total output, and the company plans to reserve capacity for growth while modernizing its factories and building a local vertical supply chain [1] - The company is also actively evaluating the feasibility of establishing new production bases in regions surrounding Europe to shorten transportation times and enhance its capabilities in the European market [1]
晶苑国际涨超3% 关税影响重塑美服装采购格局 公司将在越南进一步预留产能增长空间