MPI still a semiconductor favourite

Malaysian Pacific Industries Bhd (MPI), a veteran of the semiconductor industry, is still a preferred stock in the local stock market for its dividend yield and its shift into the production of higher margin products.

Kenanga Research has an “outperform” call on the stock, stating that MPI remains the favourite in the semiconductor space given its resilient outlook as well as its attractive potential net dividend yield of about 5% for financial year 2014 (FY14).