Strong 2QFY12/10 results. Unisem reported 2Q revenue of RM359.5m (+9.2% qoq, 40.8% yoy) on the back of stronger sales for its broad-based packages i.e. QFN as well as for its legacy packages i.e. SOIC and PDIP. Furthermore, 6MFY12/10 net profit of RM89.7m was above our expectation but in line with market consensus, accounting for 61.2% and 53.1% of our and consensus full-year forecast respectively. Also, EBITDA margins remained stable at around 26% despite incurring additional costs stemming from capacity expansion, partly offset by higher contribution from its higher-margin chip packages and higher utilisation rate.
Unisem Berhad : Strong 2Q Earnings But Remain Cautious - 02/08/2010
No comments:
Post a Comment