OM Holdings misses consensus for FY23 on weak steel ASPs
KUCHING (March 1): OM Holdings Bhd’s (OMH) financial year 2023 (FY23) net profit of US$18.1 million missed consensus estimate by 39 per cent, coming largely from weaker-than-expected average selling price (ASP) realised on a weak steel sector globally. Researchers with Kenanga Investment Bank Bhd (Kenanga Research) noted that OMH’s FY23 revenue declined sharply by 31 [...]
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