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.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!