Seet estimates that about 10% of the equipment sourced from Europe, Mexico/Southeast Asia is likely to be impacted by tariffs, which could reduce CSE Global's margins slightly. He points out that CSE Global is also expanding its US facility, which will play well into avoiding these tariffs.
Jarick Seet of Maybank Securities remains bullish about CSE Global (SGX:544
) given but has nonetheless cut his target price from 67 cents to 58 cents due to the potential impact from US tariffs.
"As CSE Global has production facilities in the US, the impact from the Trump tariffs should be minimal," says Seet in his May 5 note, where he has kept his "buy" call.
