“We expect sentiment in share prices of CM and PIM to remain weak, given that some peers have missed consensus earnings estimates,” Leow says in a report on Friday.
SINGAPORE (May 2): UOB Kay Hian is keeping its “hold” call on components solution provider Memtech International and cutting its target price to $1.32, from $1.50 previously.
This comes amid a significant de-rating of most contract manufacturers (CM) and plastic injection moulders (PIM) over the last few days, according to analyst Nicholas Leow.
