Techcent Industrial Co. fell more than 3% as the market worried about Trump's election and the pressure on export stocks

Prosolar Resources (00669) fell over 3% again, once falling over 5% in the afternoon yesterday. As of the writing, it fell 3.27% to HK$106.5, with a turnover of HK$231 million.

On the news front, the market is concerned that Trump's election will increase tariffs, and the export stock of Prosolar Resources has been under pressure for two consecutive days. Nanhua Futures pointed out that after Trump's election, according to the information released in his speech, he is likely to continue the "America first" concept and continue to implement trade protectionism policies such as increasing tariffs, which will directly affect the profitability and market share of Chinese export enterprises.

However, Daiwa released a research report saying that it believes the market's concern about potential new tariffs may be overdone, as Prosolar has diversified its global production layout and according to the bank's estimate, its Chinese production capacity will only account for one-third of its total production capacity next year, and believes the company has pricing power, and reiterates "buy" rating. Daiwa lowered its profit forecasts for this and next year by 1 to 2%, based on a more realistic profit margin expansion forecast, and raised its target price to HK$127 from HK$120.