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.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook