SAM Engineering’s long-term outlook still intact

The company’s weaker topline performance was due to a decline in the equipment segment.

PETALING JAYA: Despite a decline in net profits for its quarterly and half-year periods, Sam Engineering and Equipment (M) Bhd’s long-term outlook remains intact due to multiple factors.

Hong Leong Investment Bank (HLIB) Research liked the company, given its strong exposure to the ultra-fast-growing aerospace and semiconductor industries, which it deemed complementary for long-term growth.