Analysts anticipate stronger earnings in the quarters ahead underpinned by revenue growth as well as margin recovery on the back of clear orders and sales. (File pic shows the Unisem factory)
PETALING JAYA: Semiconductor manufacturer Unisem (M) Bhd
had a strong start for the first quarter ended March 31,2021 (Q1FY21) on higher sales and better margins.
Analysts anticipate stronger earnings in the quarters ahead underpinned by revenue growth as well as margin recovery on the back of clear orders and sales.
Valuation wise, its recent share price weakness by some 20% represents a buying opportunity into the semiconductor sector’s robust growth, according to RHB Research, which has upgraded the stock to a “buy”.
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