RHB’s Jarick Seet has downgraded Avi-Tech from “buy” to "neutral" with a lowered target price of 42 cents from his previous target price of 52 cents. 

Seet highlighted that as supply chain disruptions have caused a global shortage of auto chips, he expects this to impact Avi-Tech Electronics’ high-margin burn-in segment over the short term. 

In a  Feb 15 note, he notes that Avi-Tech’s 1HFY2021 performance was impacted by the shortage of chips for the automotive sector. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook