Currency volatility, rising cost challenges for Unisem

CGSI Research said it was concerned over the company's subdued operating margin trajectory.

PETALING JAYA: Unisem (M) Bhd’s topline outlook appears decent in the near term, but currency volatility and rising cost may have an impact on its earnings ahead.

This and other factors prompted CGS International (CGSI) Research to cut its financial year 2024 (FY24) to FY26 earnings per share (EPS) by 30% to 49%, as it imputed a lower ringgit to dollar assumption of 4.1 to 4.4 versus 4.3 to 4.5 previously.