KUALA LUMPUR: JF Apex Research has slashed its earnings forecasts on Boilermech Holdings Bhd due to lower revenue and eroded margins from the Covid-19 pandemic.
The group's recently released earnings showed a 63.8% year-on-year (y-o-y) plunge in 1QFY21 net profit to RM2.3mil, which came to only 9.1% of JF Apex's full-year estimate.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
