Impact of Trump's 45% Tariff on Chinese Goods Unlikely to Be Substantial for Shenzhou
Should U.S. President-elect Donald Trump’s government succeed in imposing a 45% tariff on Chinese goods, we think Shenzhou is unlikely to see a significant adverse impact. Given the high uncertainty regarding the execution of Trump’s proposal, we are maintaining our HKD 48 fair value estimate. We are also maintaining our no-moat rating.Should Trump succeed in imposing the tariff, which would probably take a long time, we think U.S. retailers will try to shift production away from China to other...
Shenzhou International Group Holdings is an investment holding company. Through its subsidiaries, Co. is principally engaged in the manufacturing of knitwear on an Original Equipment Manufacturer basis. Co. focuses on producing sport wear and casual wear with major international clients including UNIQLO, ADIDAS NIKE, and PUMA. In addition, Co. is involved in property leasing in Hong Kong; import and export of commodities in China and Hong Kong; property management in China; trading company in Macau, Japan and China; and retail in China.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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