Beyonics Technology's (B19.SG) recent weakness appears to have run its course, as the shares are currently not trading despite just-released results showing a $2.8 million net loss for the quarter to end October vs a $2.0 million profit in fiscal 1Q10.

The stock ends flat Friday at $0.195, and has fallen 11.4% since Beyonics issued a profit warning earlier this month. While it trades at just 0.37x P/B, it’s unlikely to rebound any time soon given the prospect of more losses, with Beyonics expecting uncertain demand in the hard disk drive industry.

CIMB analyst Jonathan Ng says a better time to revisit the sector would be 2Q11; “moving into 2011, global HDD shipments are expected to grow by high single digit to low teens, instead of low-to-mid-teens as expected earlier.” He attributes this to the proliferation of tablet PCs eroding demand for 2.5-inch mobile drives.