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Slowdown in semiconductor sector a drag on Avi-Tech

Samantha Chiew
Samantha Chiew9/12/2018 11:07 AM GMT+08  • 2 min read
Slowdown in semiconductor sector a drag on Avi-Tech
SINGAPORE (Sept 12): RHB is downgrading its call on Avi-Tech Electronics to “neutral” from “buy” previously with a lowered target price of 38 cents.
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SINGAPORE (Sept 12): RHB is downgrading its call on Avi-Tech Electronics to “neutral” from “buy” previously with a lowered target price of 38 cents.

This is due to a slowdown in the semiconductor sector, as seen in results released by the group and its peers. This in turn has impacted the group’s engineering sector.

In FY18, the group’s earnings were 30.8% lower at $04.86 million, compared to $7.03 million in FY17.

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