Beyonics Technology is likely to face renewed selling pressure after issuing warning of a loss for its 2QFY11 (ending Jan) due to a weakening USD as well as significantly lower shipments & lower average selling prices to customers in the hard disk drive industry. The group will post its 2Q results in mid Mar.
The company provided a similar profit warning on Dec 3, before its 1Q results, in which it said it expected a loss due to lower hard disk sales & the shares gapped down to close 11.4% lower at $0.195. Shares end flat at $0.195 last Fri.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment