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SAC optimistic on Avi-Tech but does not give formal rating

Lim Hui Jie
Lim Hui Jie5/20/2022 01:50 PM GMT+08  • 2 min read
SAC optimistic on Avi-Tech but does not give formal rating
SAC Capital strikes a generally positive note on the stock. (Photo: Bloomberg)
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SAC Capital has initiated coverage on Avi-Tech Holdings with a non-rating, although it is generally positive on the stock.

Analyst Lim Shu Rong says that Avi-Tech’s recovery is tied to the automotive semiconductor market, and specifically to one of its main customers, Infineon Technologies.

Infineon engages burn-in services for its production in Malaysia, and has lifted its FY2022 revenue forecast to EUR13 billion, up 18% y-o-y.

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