The trading environment for XP Power has become more uncertain in recent months, with the US imposing higher tariffs on imports from China and threatening tariffs on imports from Mexico. At the same time, demand for semiconductors and consequently semiconductor equipment remains weak. We have revised down our revenue and EPS forecasts to reflect the combination of weaker demand and pressure on margins; despite this the valuation does not look challenging.
20 Jun 2019
XP Power - Reflecting a tougher trading environment
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XP Power - Reflecting a tougher trading environment
XP Power Ltd. (XPP:LON) | 1,069 256.6 2.3% | Mkt Cap: 253.2m
- Published:
20 Jun 2019 -
Author:
Katherine Thompson -
Pages:
4
The trading environment for XP Power has become more uncertain in recent months, with the US imposing higher tariffs on imports from China and threatening tariffs on imports from Mexico. At the same time, demand for semiconductors and consequently semiconductor equipment remains weak. We have revised down our revenue and EPS forecasts to reflect the combination of weaker demand and pressure on margins; despite this the valuation does not look challenging.