This comes after the group’s 3Q18 revenue at PATMI came in lower than expected, due to higher cost in capacity expansion and accounting changes which in turn impacted overall margins for the quarter.
SINGAPORE (May 2): Phillip Capital is upgrading its call on Micro-Mechanics Holdings to “buy” from “accumulate”, albeit with a lower target price of $2.30 compared to $2.50 previously after trimming its earnings forecast by 10% for FY18E.
