Kenanga cuts Unisem target price
Publish date: Mon, 12 Nov 2012, 10:34 AM
Kenanga Research cut its target price for electronics company Unisem (M) Bhd to RM0.99 from RM1.32, expecting results for the current quarter to be flat due to weakening consumer sentiment.
Consumers are taking a wait-and-see approach amid headwinds in the global economy, Kenanga said in a report on Monday.
"In our view, the company's net profit for the year may only break even at best," said Kenanga, which lowered its growth assumptions for Unisem. It maintained a 'market perform' call on the stock. -- Reuters
Consumers are taking a wait-and-see approach amid headwinds in the global economy, Kenanga said in a report on Monday.
"In our view, the company's net profit for the year may only break even at best," said Kenanga, which lowered its growth assumptions for Unisem. It maintained a 'market perform' call on the stock. -- Reuters
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ryan78
4Q12 is too late for any hope. Customers have already stock up enough inventories before the year end sale.Unisem only produce spare parts and electonics components which takes additional time for end product assembly for consumer products elsewhere such as iPhones, smartphones etc. They won't be taking much orders at year end considering market demand is at the lowest.
2012-11-14 15:11