The author is an analyst of NH Investment & Securities. He can be reached [email protected]. — Ed.
A turnaround is on the horizon for NewFlexs main FPCB business, thanks to weakening market competition and restructuring effects. With NewFlex supplying its PCBs for use in Oculus devices, the firm is also set to benefit from expansion of the global metaverse industry. An earnings growth cycle should take off in earnest from 2022, as fundamentals are to improve on portfolio diversification (VR/automotive electronics) and restructuring.
Main business turning around on weakening competition and restructuring effects
NewFlexs main FPCB business is to make a turnaround on weakening market competition and restructuring effects. Looki…
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