HLIB maintains ‘hold’ on Unisem, lowers target price to RM2.76

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

It expects the company’s revenue to be flat sequentially in Q4 FY2023.

Unisem Bhd’s results in Q3 FY2023 were lower than consensus estimates, says Hong Leong Investment Bank.

HLIB noted that the semiconductor assembly and test services provider is embarking on aggressive expansions in both China and Ipoh, Perak to capture opportunities presented by the US-China trade war. For the 9-month period since January, the core profit after tax amounted to RM54 million, only accounting for 60% and 54% of HLIB’s and consensus full-year estimates respectively. It also marked a 70% drop compared to the same period last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines