"The semiconductor recovery could be gradual and the pace of orders from new front-end customers could be slow in FY2024," says Tng.
William Tng of CGS-CIMB, in his Sept 26 note, has reiterated his 'reduce' call on Grand Venture Technology (SGX:JLB
) , given limited visibility of an early recovery to be enjoyed by the electronics manufacturing industry.
GVT reiterates that the industry remains affected by geopolitical tensions and weakness in the global economy.
