KUALA LUMPUR: Shares of Unisem slipped in early trade on Monday, Feb 21 ahead of its financial results (4Q2010) due on Thursday, Feb 24 on expectations its earnings growth likely to be on a declining trend.
At 9.15am, Unisem was down seven sen to RM2.10 with 17,000 shares done.
The FBM KLCI was up 5.14 points to 1,522.70. Turnover was 148.66 million shares valued at RM89 million. There were 204 gainers, 99 losers and 141 stocks unchanged.
Last Friday, Feb 18 OSK Research said it expected Unisem's 4QFY10 results to mirror the performance of MPI, with earnings growth likely to be on a declining trend.
The research house said that during the company's previous analyst briefing on its 3QFY10 results, Unisem's management had guided for a 10% on-quarter drop in 4QFY10 revenue, mainly due to inventory adjustments.
'We maintain our Take Profit call on potential earnings disappointments for 4QFY10 and 1QFY11, and the foreseeable far slower earnings for FY11 as sentiment dampeners,' it said.
At 9.15am, Unisem was down seven sen to RM2.10 with 17,000 shares done.
The FBM KLCI was up 5.14 points to 1,522.70. Turnover was 148.66 million shares valued at RM89 million. There were 204 gainers, 99 losers and 141 stocks unchanged.
Last Friday, Feb 18 OSK Research said it expected Unisem's 4QFY10 results to mirror the performance of MPI, with earnings growth likely to be on a declining trend.
The research house said that during the company's previous analyst briefing on its 3QFY10 results, Unisem's management had guided for a 10% on-quarter drop in 4QFY10 revenue, mainly due to inventory adjustments.
'We maintain our Take Profit call on potential earnings disappointments for 4QFY10 and 1QFY11, and the foreseeable far slower earnings for FY11 as sentiment dampeners,' it said.
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