Unisem's outlook remains subdued on low demand

KUALA LUMPUR: The dearth of orders for electronics chips is continuing to weigh on Unisem (M) Bhd's prospects following a disappointing perforance in the first half of 2023.

Kenanga Research said the semiconductor services provider's net profit in the six months to June 30, 2023, was below expectations, at only 24% and 19% of its and market full-year estimates.