HLIB Research downgrades Unisem to Hold, cuts target to RM2.60 - News Summed Up

HLIB Research downgrades Unisem to Hold, cuts target to RM2.60


In a note today, the research house said Unisem recommended a second interim tax-exempt dividend of 3.5 sen per share. HLIB Research said that year-on-year, top line was weaker due to product mix which skewed towards lower value range. It said this has also taken a toll on margin which eventually led to lower core PAT. “YTD: Revenue growth was mainly attributable to USD strength where it actually fell by 2.6% in USD term. “4Q16 revenue (USD term) is guided to be flat q-o-q.


Source: The Edge Markets November 04, 2016 00:49 UTC



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