CGS-CIMB in a report to clients said it had cut its financial year 2019 (FY19)-FY21 forecasts for KESM by 15%-55% to reflect lower production volume and weaker outlook, in view of a projected decline in industry demand this year.
PETALING JAYA: The earnings forecast of independent burn-in and semiconductor testing services provider KESM Industries Bhd
has been slashed by research houses ahead of a predicted fall in demand for its products.
CGS-CIMB in a report to clients said it had cut its financial year 2019 (FY19)-FY21 forecasts for KESM by 15%-55% to reflect lower production volume and weaker outlook, in view of a projected decline in industry demand this year.
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