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