IQE has released its audited FY19 results following the comprehensive trading update in March. We leave our estimates unchanged after the 6% revenue downgrade in March since in IQE’s case the impact of COVID-19 on global handset demand is likely to be softened by gaining share in both the wireless and photonics markets. While the full effect of the coronavirus on the global economy and thus on demand for IQE’s epitaxy remains to be seen, management notes that Q120 was slightly ahe
29 Apr 2020
IQE - Short-term resilience, long-term growth
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IQE - Short-term resilience, long-term growth
IQE plc (IQE:LON) | 26.6 -0.2 (-2.2%) | Mkt Cap: 256.3m
- Published:
29 Apr 2020 -
Author:
Anne Margaret Crow -
Pages:
7
IQE has released its audited FY19 results following the comprehensive trading update in March. We leave our estimates unchanged after the 6% revenue downgrade in March since in IQE’s case the impact of COVID-19 on global handset demand is likely to be softened by gaining share in both the wireless and photonics markets. While the full effect of the coronavirus on the global economy and thus on demand for IQE’s epitaxy remains to be seen, management notes that Q120 was slightly ahe