Supercomnet Technologies Bhd - 13Mar23 - Kicking Off 1H23 At Slower Gear

To play catchup in 2H23. While 1HFY23 figures are expected to remain soft (similar with 4QFY22), we believe that improvement in 2HFY23 will be backed by the (i) potentially higher contribution from IHS syringe infusion system and introduction of new medical products and devices progressively towards end of the year, (ii) resumption of delivery to Ambu A/S post-inventory adjustment and (iii) higher contribution from Stellantis for the supply of fuel tank (commencing February 2023) and wire harness (targeting to commence in 2Q23) for the Peugeot 5008, 3008 and 2008 models.