KUALA LUMPUR: Shares of VISDYNAMICS HOLDINGS BHD [] fell sharply on Thursday, April 21, despite its chairman's positive view of a strong and satisfactory financial performance in 2011 though not as sterling as the six fold increase in revenue that enabled to group to return to the black last year.
At 4.37pm, it was down 23 sen to 30 sen with 204,800 shares done. However, it was off its early low of 26 sen.
The FBM KLCI was down 2.57 points to 1,528.45. Turnover was 1.29 billion shares valued at RM1.35 billion. There were 385 gainers, 385 losers and 310 stocks unchanged.
Chairman Datuk Azzat Kamaludin said the semiconductor equipment solution provider is poised to ride on the momentum of growth that the semiconductor industry is expected to sustain this year after recording the strongest rebound in 2010 following the worst ever year of 2009.
The semiconductor industry rebounded from a 10% decline in revenue in 2009 to make the largest single dollar increase in any year for revenue to top US$300 billion. The more than 30% revenue growth recorded in 2010 is not likely to be repeated this year with projections of a softer single-digit growth to about US$314 billion.
Azzat said on the back of the strong recovery of semiconductor and electronics business, VisDynamics posted a revenue of RM19.7 million which is an unprecedented increase of 516%.
At 4.37pm, it was down 23 sen to 30 sen with 204,800 shares done. However, it was off its early low of 26 sen.
The FBM KLCI was down 2.57 points to 1,528.45. Turnover was 1.29 billion shares valued at RM1.35 billion. There were 385 gainers, 385 losers and 310 stocks unchanged.
Chairman Datuk Azzat Kamaludin said the semiconductor equipment solution provider is poised to ride on the momentum of growth that the semiconductor industry is expected to sustain this year after recording the strongest rebound in 2010 following the worst ever year of 2009.
The semiconductor industry rebounded from a 10% decline in revenue in 2009 to make the largest single dollar increase in any year for revenue to top US$300 billion. The more than 30% revenue growth recorded in 2010 is not likely to be repeated this year with projections of a softer single-digit growth to about US$314 billion.
Azzat said on the back of the strong recovery of semiconductor and electronics business, VisDynamics posted a revenue of RM19.7 million which is an unprecedented increase of 516%.
No comments:
Post a Comment