KUALA LUMPUR: Shares of UNISEM (M) BHD [] declined in early trade on Thursday, June 16 on concerns that its operations in the current financial year ending Dec 31, 2011 would be challenging due to the tough economic environment in major markets.
At 9.15am, Unisem fell two sen to RM1.63.
Group managing director John Chia yesterday said Unisem's financial results in FY 2011 was unlikely to be better than the previous year's numbers due to a tougher economic environment in the US, Europe, Japan and China, apart from the weakening of the US dollar.
"Our capital expenditure this year will be less than FY10 capex of some RM380 million" Chia said at Unisem's shareholders meeting.
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At 9.15am, Unisem fell two sen to RM1.63.
Group managing director John Chia yesterday said Unisem's financial results in FY 2011 was unlikely to be better than the previous year's numbers due to a tougher economic environment in the US, Europe, Japan and China, apart from the weakening of the US dollar.
"Our capital expenditure this year will be less than FY10 capex of some RM380 million" Chia said at Unisem's shareholders meeting.
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