PETALING JAYA: Kenanga Research is keeping its positive stance on PIE Industrial Bhd on the prospects of a stronger second half despite indstry-wide components shortages.
The research house noted that sales for the first quarter of financial year 2018 (1Q18) dropped 10% with core net profit plunging to RM1mil. However, apart from these issues, decent top-line growth alongside mid-high single-digit net profit margin would have been achieved, it said.
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