ATE faucet - VITROX the worst is over
ATE leader VITROX's performance was released. Sure enough, as management said, Q2 came out better than Q1. However, the profit this time was Other Income of RM5.4 mil, and foreign exchange contributed quite a bit.
According to Q1 predictions, Q2 will be better than Q1, and the second half of the year will be better than the first half. Based on current trends and the company's outlook, the moderators think it's possible. It is expected that net profit for the full year of 2023 may fall by 25-30%, and growth can resume in 2024.
Not every tech company's profits will recover so quickly; companies with diversified businesses are coming back relatively fast. If the proportion of consumer terminals is too high, it will take 1-2 more quarters to inventory, so you can go further if you choose the right track.
PENTA is one of ATE's leaders, and it is expected that the upcoming results will still be very strong, because more than half of the company's performance comes from automobile-related fields. In terms of the general environment, Tech Semiconductors will be better in the second half of the year than in the first half. Mutual encouragement.
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