Tech Manufacturing Services - CGS-CIMB Research 2022-07-29: Sequential Improvement Expected In 2H22

Tech Manufacturing Services - Sequential Improvement Expected In 2H22

Published:
GRAND VENTURE TECHNOLOGY LTD (SGX:JLB) | SGinvestors.ioVENTURE CORPORATION LIMITED (SGX:V03) FRENCKEN GROUP LIMITED (SGX:E28) ISDN HOLDINGS LIMITED (SGX:I07) FRENCKEN GROUP LIMITED (SGX:E28) GRAND VENTURE TECHNOLOGY LTD (SGX:JLB)
  • We expect most tech manufacturing companies under our coverage to report y-o-y revenue and net profit growth for 2Q22F/1H22F.
  • Margin pressure/demand trend will remain key areas of concerns. In our view, most companies should experience stronger h-o-h net profit in 2H22F.
  • For 2Q22F, we expect AEM (SGX:AWX) to show the best y-o-y net profit growth, while Frencken (SGX:E28) and ISDN (SGX:I07) could see q-o-q and y-o-y net profit declines.
  • - Read this at SGinvestors.io -

AEM (SGX:AWX) 2Q22F Earnings Preview

  • - Read this at SGinvestors.io -
  • We note that AEM has adopted a proactive inventory management approach and has built up a prudent level of inventory to support production for its key customer. We think AEM’s 2Q22F net profit could be flat q-o-q to S$39.6m, a 2.9% q-o-q decline.

UMS (SGX:558) 2Q22F Earnings Preview

  • Read more at SGinvestors.io.




Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.




William TNG CFA CGS-CIMB Research | https://www.cgs-cimb.com 2022-07-29



More views on outlook of manufacturing / technology sector:
Analyst Reports on Singapore Manufacturing & Technology Sector





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