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Xin Point Holdings Limited ( (HK:1571) ) has provided an announcement.
Xin Point Holdings Limited is facing challenges due to the recent imposition of a 159% tariff on its products exported to the US, as part of the escalating US-China trade war. The company is exploring options to mitigate the impact, including passing tariff costs to customers and relocating manufacturing to its facilities in Mexico and Malaysia, as the tariffs currently affect about 30.7% of its revenue.
More about Xin Point Holdings Limited
Xin Point Holdings Limited, incorporated in the Cayman Islands, operates in the manufacturing industry with a focus on enhancing global supply capabilities. The company has established manufacturing bases in Mexico and Malaysia to complement its domestic production capacity in China.
YTD Price Performance: -26.79%
Average Trading Volume: 726,586
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.25B
For detailed information about 1571 stock, go to TipRanks’ Stock Analysis page.