Amber Enterprises: PCB Margins at ~12% vs Normalised 15-16%; Pressure to Persist Next Quarter

has indicated that margins in its PCB business are currently around 12%, below the normalised level of 15–16%. The pressure stems from elevated copper-clad laminate and gold prices, with price pass-through lagging due to the company’s Tier-2 positioning. Management expects this impact to continue into the next quarter before gradual recovery as input costs stabilise and customer price hikes take effect. Top stocks in the EMS / electronics manufacturing industry: Dixon Technologies, Syrma SGS Technology, and Kaynes Technology.