On the plus side, VS Industry said that two to three of its prospects are at the later stages of discussion, and communications have continued online.
PETALING JAYA: Analysts remain cautious on the electronics manufacturing services (EMS) sector for the second half of this year (2H20) as demand for the industry’s main customers’ products may see a decline.
In a report to clients, AmInvestment Bank’s research arm said it has an “underweight” recommendation on the EMS sector for the 2H20 as it believes that the demand for its customers’ end products - household consumer products such as floor care and personal care products, coffee machines, and pool cleaners - might see a slower-than-expected recovery due to fears of a second wave of Covid-19 infections globally impacting consumer sentiments.
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