SFP Tech

[winston]

not vested

SFP – Scaling new high via multi-pronged approach.

This clear winner from the USChina trade diversion could continue to chart new highs in its orderbook on a cyclical recovery of the semiconductor sector in 2H23.

While 1H was a seasonally weaker period for SFP, the group charted a record 1Q23 thanks to the first article of production business contribution from its new trade-diversion related customers which was reflected in its mechanical assembly segment.

Much higher volume ramp-up could follow through with more first articles being qualified for mass production.

The group is now expecting 50% sales growth (from 30%) thanks to the strong traction from its new AVL business flowthrough.

SFP is currently in talks with a few new prospects which could require addition of
new capacity.

Source: UOBKH