Austin Engineering's (ASX:ANG) US business is poised to benefit from US President Trump administration's efforts to reduce mining red/green tape, according to a Tuesday note by Euroz Hartleys.
On Monday, the company said it has repositioned its US operations to avoid the impact of recent US tariffs on imports from Mexico, Canada, and China.
The company developed a new supply chain route using Canadian contractors for truck tray sub-assemblies and has completed 10 truck body sub-assembly kits with two contractors.
Austin Engineering's move to shift its truck body sub-assembly productions to Canada has freed up capacity at its Casper, Wyoming facility to meet rising US demand.
Euroz notes that ANG's US facility is experiencing strong growth and will need extra capacity to meet demand.
Eruoz Hatleys maintained ANG's buy rating and its price target of AU$0.85.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。