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 US 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 US 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 US [1] Group 2: Strategic Initiatives - In response to market conditions, Crystal International will 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 will also actively assess the feasibility of establishing new production bases in regions surrounding Europe to shorten transportation times and enhance its capability to respond to the European market [1]