VHB sees weak market sentiment

PETALING JAYA: Visdynamics Holdings Bhd (VHB) expects the world economy and semiconductor industry to remain flat, with business sentiments remaining weak throughout the year.

However, with its healthy financial position and strong product offering, the company told Bursa Malaysia that it should be able to maximise gains when businesses recover next year.

For its third quarter ended July 31, 2023, VHB’s net profit rose to RM1.59mil from RM1.34mil in the previous corresponding period, while revenue was slightly lower at RM8.23mil, compared with RM8.54mil a year earlier.