PIE expects higher contributions from new customers

Kenanga Research has raised its FY25 earnings forecast by 10%.

PETALING JAYA: PIE Industrial Bhd can expect higher contributions from new customers that will collectively account for 8% to 12% of total group revenue in financial year 2024 (FY24).

It is also believed to have secured a new sizeable artificial intelligence server client that will take up its entire plant six of about 280,000 sq ft – its largest facility.