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NewsUnisem fair value cut on 'gloomier' outlook
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Unisem fair value cut on 'gloomier' outlook
by hlk Thu 28 Jul 2011, 13:53
Unisem Bhd, a Malaysian semiconductor company, fell to its lowest level in almost 19 months after its “fair value” was cut at OSK Research Sdn Bhd to reflect a “gloomier” outlook for the second half of the year.
The stock dropped 1.4 per cent to RM1.38, bound for its lowest close since Jan. 5, 2010.
The company’s fair value was reduced to RM1.31 from RM1.48, OSK said in a report today. -- Bloomberg
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