CEI also has minimal capex as the group’s utilisation rate hovered in the 60-65% range, according to management. In 1H17, capex stood at a negligible $275,000.
SINGAPORE (Aug 28): CIMB is maintaining its “add” on CEI, the contract manufacturer of printed circuit boards, after the group expects to remain profitable in FY17.
As at end June, CEI had an order book of $53.1 million which it expects to be fulfilled by end December.
