XP expects a lower effective group tax rate resulting from the reduction in US corporate tax rates from 35% to 21%. In addition, it expects to receive a tax refund from the Inland Revenue Authority of Singapore. This should drive upside to our FY18 EPS forecast as well as boosting XP’s cash position.
12 Feb 2018
XP Power - Tax changes support EPS upside
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XP Power - Tax changes support EPS upside
XP Power Ltd. (XPP:LON) | 1,086 325.8 2.8% | Mkt Cap: 257.2m
- Published:
12 Feb 2018 -
Author:
Katherine Thompson -
Pages:
2
XP expects a lower effective group tax rate resulting from the reduction in US corporate tax rates from 35% to 21%. In addition, it expects to receive a tax refund from the Inland Revenue Authority of Singapore. This should drive upside to our FY18 EPS forecast as well as boosting XP’s cash position.