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.
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