PETALING JAYA: Analysts are mixed about Unisem (M) Bhd
’s prospects given the cautious outlook in the global semiconductor industry moving forward.
The group’s latest first quarter results for the financial year 2024 (1Q24) with a core profit after tax of RM12mil, down 52% quarter-on-quarter (q-o-q) and a revenue of RM365mil, up 4% q-o-q, were also below the expectation of most analysts.
RHB Research, which maintained a “buy” on Unisem, said 1Q24 revenue and core earnings bucked the trends of four consecutive contractions.
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