bearish
Full Report - Torex Semiconductor (6616 JP)
SUMMARY
- Since 1H FY24/3 corresponds with the bottom of the current reset cycle, initial guidance for net sales is -9.3% YoY.
- In addition to ongoing high electricity rates, depreciation expense is set to increase +51.1% YoY, and initial guidance for OP is -62.3% YoY.
- On a cash flow basis, implied EBITDA is forecast to decline -29.1% YoY.
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