The import taxes announced by the United States caused a course of the course in sporting goods stocks on Thursday.
The shares of Adidas and Puma each broke up by about ten percent in the early trade. A gloomy picture is also emerging from the US competitor Nike: the courses in the post-excessive New York trade was sagged by more than seven percent. The companies have many goods outside the United States produced.
According to the UBS, the customs focus of the market in the sporting goods area is primarily on Vietnam because US President Donald Trump announced an import tax of 46 percent for the Far Eastern country. According to analyst Robert Krankowski from the major Swiss bank, this sentence is “far worse than the expectations of the investor: inside”. In view of the growing importance of Vietnam in shoe production, he expects significant headwind for profitability in the shoe industry.
At Adidas, however, Krankowski mentioned that a setback creates an attractive purchase opportunity for a company with a long -term good, fundamental starting point. Adidas remains better positioned than his competitors.