MPI to gain from upturn

CHIPMAKER Malaysian Pacific Industries Bhd (MPI) is well positioned to benefit from an industry upturn over the long term, although its business visibility remains poor, as its management is unable to provide any clue on revenue guidance, according to an analysis by Singapore-based OCBC Research. 

OCBC, which has a market perform on the stock, said that from its latest meeting with MPI, the management remained non-committal on the revenue guidance in the quarters ahead, with visibility still poor as most orders were still secured on a spot basis.