BOCOM International maintained the investment rating and target price of 8.38 yuan purchased by Baihe Holdings (00838-HK). Judging from the supply of raw materials and sales of finished products, the direct impact on the company was extremely limited. It is not ruled out that there will be an indirect impact, but it will take time to observe. In addition, there may be a long-term positive impact on the company caused by Japanese customers speeding up the transfer of high-end production capacity to China. The bank will not adjust its profit forecast for the time being, but it will closely follow the development of the situation.

BOCOM said that the strong earthquake had a serious impact on Japan's northern industry. The region is the main producer of semiconductors and electronic components in Japan. The company's top four customers were not in the hardest hit area; only the fifth largest customer may be negatively affected.

Yihe Holdings declined 4.36% yesterday to close at HK$5.92.