Unisem to faucet into rising demand for 5G and IoT

PETALING JAYA: Unisem (M) Bhd is making ready to faucet into the rising demand of 5G and Web of issues (IoT) adoption by increasing its manufacturing capability.

The semiconductor meeting and check providers supplier had introduced the development of its new semiconductor manufacturing facility in Gopeng, Perak.

The primary section of the brand new plant is predicted to be accomplished in April 2023 at an approximate value of RM300mil.

MIDF Analysis mentioned it’s optimistic about Unisem’s near-to-medium time period outlook, however maintained its earnings forecast pending additional data from administration on the growth timeline.

“We’re sanguine on Unisem’s near-to-medium time period outlook because the group is ready to grab the rising proliferation of 5G and IoT on the again of its clear order visibility coupled with sturdy demand remaining throughout all market segments, together with energy administration, radio frequency, client electronics and automotive.

“We additionally stay optimistic on the expansion prospect resulting from its growth plans to monetize on sturdy chip demand coupled with strategic presence in China,” the analysis home mentioned in a report yesterday.

The plant is predicted to serve the wants of Unisem prospects with a broad portfolio of services as soon as it’s accomplished with services and state-of-the-art gear.

MIDF mentioned that whereas it’s optimistic on the event, it has stored its earnings estimates unchanged pending additional data from administration on the growth timeline.

It has maintained its goal worth on Unisem at RM4.33 per share, based mostly on monetary 12 months 2022 (FY22) earnings per share of 15.8 sen in opposition to unchanged price-earnings ratio (PE) of 27.4 instances which represents a slight premium to the corporate’s two -year common rolling PE of 23.9 instances.


Source link

Leave a Comment