Advertisements

Looming uncertainties from worker shortfall

■ We came away more negative from ATA’s recent analyst briefing. ATA remains uncertain about its near-term profitability due to labour shortages.
■ We remain concerned about the sustainability of its order flows from its key customer should the labour shortages persist going into FY23F.
■ Given its bleak near-term earnings prospects coupled with mid-term uncertainties, we reduce our TP to RM1.93. Reiterate Hold.

Advertisements