PETALING JAYA: Unisem (M) Bhd
’s lower-than-expected second-quarter financial results, coupled with subdued customer sentiment, have led to some analysts downgrading their recommendations on the semiconductor stock.
For the second quarter ended June 30, Unisem posted a net loss of RM4.2mil, representing a 44% improvement from a net loss of RM7.6mil a year ago on the back of an improved performance in the group’s respective segments.
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