Eng Tek Sees Q4 loss from Thai flood

Will Eng Tek change its plan for privatisation? Is it worth to grab its shares when the price drop to bottom?


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Eng Teknologi Holdings Bhd, a Malaysian electronic components maker, said it will post a “significant” loss in the fourth quarter after flooding in Thailand disrupted operations at its two factories in Ayutthaya.

Its plants in Thailand house half of the group’s machining capacity, the company said in a statement today. “The whole hard disk drive industry in Thailand is facing major disruptions.” -- Bloomberg


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