bullish
XP Power - Q3 order intake encouraging
SUMMARY
Despite a tough trading environment in Q3, XP Power saw improving order flow and a book-to-bill ratio of 1.04x for the quarter and management anticipates meeting its FY19 expectations. Helped by currency, our FY19 revenue forecast appears conservative but in the face of volatile trading conditions, we maintain our estimates.
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- XP Power - Q3 order intake encouraging10 Oct 2019
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