Purin Naruyama (01809) rose more than 16% in the afternoon to a high of HK$9.53, a record high. As of press release, it rose 15.24% to HK$9.45, with a turnover of HK$13.623,500.
The Zhitong Finance App learned that Pulin Chengshan (01809) rose more than 16% in the afternoon to a high of HK$9.53, a record high. As of press release, it rose 15.24% to HK$9.45, with a turnover of HK$13.623,500.
According to the news, on May 15, local time, the US Department of Commerce issued a preliminary anti-dumping ruling on Thai truck and bus tires, believing that truck and bus tires imported from Thailand were sold at prices below fair value in the US, and the preliminary ruling was as follows: Pulin Chengshan (Thailand) Co., Ltd.: 0%; Bridgestone Corporation: 2.35%; and the average tax rate for other companies is 2.35%.
CITIC Securities believes that the initial tax rate for all-steel tires exported from Thailand to the US is better than expected, and the impact on the profits of all-steel tires in the Thai factory is expected to be limited. The bank said that since 2007, China's tire industry has continued to be impacted by trade protection in overseas markets. The historical development of continuous growth in global market share has proven that internationalization is the best solution to trade barriers. Chinese tires are unstoppable from going overseas, and leading tire companies with forward-looking overseas bases are expected to enjoy the excess profits brought about by trade protection barriers.