MIDF Research said as movement restrictions have eased further since June, PIE Industrial is now running their production at full capacity as their workforce has increased back to pre-MCO level.
KUALA LUMPUR: MIDF Research is maintaining its neutral outlook on electronics manufacturing services (EMS) company PIE Industrial Bhd
with a target price (TP) of RM1.20.
It said on Monday its TP is premised by pegging its FY20EPS of 8.79 sen to price-to-earnings ratio (PER) of 13.7 times (from previous 13 times) which is about one time standard deviation 1.0 time premium to the group’s two-year historical average.
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