BUZZ-Dental and medical supply firms fall after Trump's reciprocal tariff announcement

Reuters
04-03
BUZZ-Dental and medical supply firms fall after Trump's reciprocal tariff announcement 

** Shares of dental and medical supply firms fall after President Trump imposes reciprocal tariffs

** President Donald Trump imposed an additional 34% tariff on China and 20% tariff on EU; Japan with 24%, South Korea with 25% and Taiwan with 32%

** Brokerage Leerink Partners says dental manufacturers have a mix of sourcing from the US but also different European manufacturing footprints as well as Southeast Asia imports

** Shares of Dentsply Sirona XRAY.O down 7.8%, Envista NVST.N down 7.7%

** Dental cos XRAY and NVST have less than 10% revenue from Mexico, Leerink says

** Brokerage says the medical supply market will also be hit by high tariff costs from various Southeast Asian countries, and added "the biggest direct impact would be on PPE (personal protective equipment)- which is heavily sourced from Malaysia and other countries in the region"

** Shares of medical supplies distributors Henry Schein HSIC.O down 4% and Owens & Minor OMI.N fall 7.6%

** Leerink says OMI is better positioned as "it built significant manufacturing capacity in the U.S. during COVID"; adds the tariffs would mostly impact its products and healthcare solutions segment, which co announced it is actively looking to sell

** HSIC will be subject to PPE-related tariffs from SE Asia, "although the company’s recent diversification into specialty products will create some offset"- brokerage

** Up to last close XRAY down 27.8%, NVST down 16.3%, HSIC down 4.35 and OMI down 34.7% YTD

(Reporting by Sneha S K )

(( Sneha.SK@thomsonreuters.com))

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。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10