PETALING JAYA: KESM Industries Bhd is expecting a gradual recovery and hopeful of breaching a plant utilisation rate of 30% in the second quarter ending Jan 31,2021, according to a Kenanga Research report.
However, the research unit cautioned that KESM Industries management warned about the seasonality factor and long festive holidays in Q3FY21 as the group typically shuts down its plants during the Chinese New Year period.
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