CGS-CIMB Equities Research expects a prolonged coronavirus outbreak in China as potentially impacting MPI’s profitability as Carsem’s Suzhou (CSZ) contributed 30% of the group’s revenue in FY6/19.
KUALA LUMPUR: CGS-CIMB Equities Research expects a prolonged coronavirus outbreak in China as potentially impacting MPI’s profitability as Carsem’s Suzhou (CSZ) contributed 30% of the group’s revenue in FY6/19.
It said in a research note on Wednesday that CSZ is the flagship plant for radio frequency (RF) components under MPI; “we estimate RF portfolio accounted for nearly 40% of CSZ’s sales in FY19”.
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