Semiconductor sector still the darling of analysts

TA Securities Researcg maintained its “overweight” stance on the technology sector with “buy” recommendations on Inari Amertron Bhd with a target price (TP) of RM3.60, Malaysian Pacific Industries Bhd (MPI) with a TP of RM49.10 and Unisem (M) Bhd with a TP of RM4.10.

KUALA LUMPUR: The semiconductor sector continues to be favoured by analysts, especially the outsourced semiconductor assembly and test (Osat) providers.

The Osat companies have got it going with a strong sales pipeline and earnings growth prospect, anchored by their expansion roadmap and robust balance sheet, said TA Securities Research in its latest report.