KUALA LUMPUR: CIMB Equities Research expects chip manufacturer Malaysian Pacific Industries
’ (MPI) earnings to expand strongly and accorded a target price of RM8.50, which is 30.1% above the last traded price of RM6.51.
The research house said MPI’s earnings would see a three year compounded annual growth rate of 25%, driven by a pick-up in industry demand, better product mix from higher-margin packages and an improvement in operating efficiency.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
