In a Thursday report, analysts Ngoh Yi Sin and William Tng say the improved results were as expected, with 1H core net profit deemed in line at 44% of their full-year forecast as they anticipate a seasonally stronger 2H17.
SINGAPORE (Aug 11): CIMB is keeping its “add” rating on Memtech International after the global components solution provider yesterday reported earnings of US$4.9 million ($6.7 million) for the second quarter ended June, reversing from its loss position in 2Q16.
