Shares of Malaysian hard disk drive components maker Notion Vtec Bhd rose as much as 3.8 percent on Friday on hopes that the disruption of supply caused by Thai floods could boost demand for its products.
The company makes most of its components in Malaysia.
“We understand the impact of the flood is minimal on Notion VTec because its Thailand plant contributes less than three percent of group revenue,” HwangDBS Vickers Research said in a recent note.
“This might be an opportunity for Notion to gain new contracts from multinational companies in Thailand which supply chain has been affected.”
Notion shares were trading up 3.8 percent at RM1.65 each at 11:06 am compared to the broader market’s 0.1 percent fall. -- Reuters
The company makes most of its components in Malaysia.
“We understand the impact of the flood is minimal on Notion VTec because its Thailand plant contributes less than three percent of group revenue,” HwangDBS Vickers Research said in a recent note.
“This might be an opportunity for Notion to gain new contracts from multinational companies in Thailand which supply chain has been affected.”
Notion shares were trading up 3.8 percent at RM1.65 each at 11:06 am compared to the broader market’s 0.1 percent fall. -- Reuters
