In FY18, the group’s earnings were 30.8% lower at $04.86 million, compared to $7.03 million in FY17.
SINGAPORE (Sept 12): RHB is downgrading its call on Avi-Tech Electronics to “neutral” from “buy” previously with a lowered target price of 38 cents.
This is due to a slowdown in the semiconductor sector, as seen in results released by the group and its peers. This in turn has impacted the group’s engineering sector.
