Weaker sales cloud Notion VTec’s outlook


HLIB Research believes the near-term earnings outlook remains uncertain.

PETALING JAYA: Notion VTEC Bhd’s weak performance is expected to persist in the upcoming quarters, in line with seasonally lower sales in the technology sector, says Hong Leong Investment Bank (HLIB) Research

Supporting this view is Western Digital and Seagate, which both recently guided for slower hard disk drive shipments during the period due to weaker demand from cloud customers, said the research house in a note to clients yesterday.

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