China Toy Maker For Mattel Considers Manufacturing Elsewhere If Trade War Continues [Forbes]
Mattel, Inc. (MAT)
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Source: Forbes
China Toy Maker For Mattel Considers Manufacturing Elsewhere If Trade War Continues Most Mattel toys are Made in China. Photographer: Daniel Acker/Bloomberg photo credit: © 2018 Bloomberg Finance LP China has become so advanced that even their corporations are looking for new China's to build things cheaply and with little regulatory oversight. Trade tensions with the West are merely speeding up corporate China's plans to relocate. Toy manufacturer Wah Shing said it might move production to Vietnam or India, “where there is a great labor supply” if they get hit with tariffs in 2019. The company makes toys for American brands. There’s a low likelihood at this stage of tariffs on toys given U.S.-China trade talks getting underway next week. But a move to lower cost labor markets makes sense for Wah Shing even without tariffs if it wants to build supplies to existing clients, including Kinetic Sand makers Spin Master and Barbie's Mattel. China finds itself at a historic crossroads. When
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News
- Barbie to release new doll modeled after Olympian figure skater Kristi Yamaguchi [FOX News]FOX News
- Branching Out: Nalini Nadkarni's Path From Ecology To Impact Investing [Forbes]Forbes
- Mattel, Inc. (NASDAQ: MAT) had its "neutral" rating re-affirmed by analysts at Roth Mkm. They now have a $21.00 price target on the stock.MarketBeat
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at DA Davidson from $26.00 to $27.00. They now have a "buy" rating on the stock.MarketBeat
- Toymaker Hasbro posts quarterly profit beat, slower sales decline [CNBC]CNBC
MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- MAT's page on the SEC website