CGS-CIMB Research expects robust demand for power management chips for electric vehicles (EVs) and data centres to drive MPI's growth.
KUALA LUMPUR: Malaysian Pacific Industries
Bhd (MPI) is expected to maintain double-digit US$ sales growth in the financial year ending June 2022 (FY6/22F), driven by robust demand for power management chips for electric vehicles (EVs) and data centres, a research house says.
CGS-CIMB Equities Research said MPI’s nine-month period ended March 31,2021 (9MFY6/21) core net profit beat expectations, at 84%/80% of its/Bloomberg consensus’ forecasts, due to stronger-than-expected sales in 3QFY21.
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