Fourth-quarter improvement likely for PIE Industrial

Kenanga Research said the group’s performance will be cushioned by a meaningful pickup in orders.

PETALING JAYA: PIE Industrial Bhd’s (PIE) performance is expected to improve in the fourth quarter of financial year 2023 (4Q23), following a relatively stable performance thus far.

Kenanga Research said in a report the group’s performance so far can be attributed to the slow start in July 2023, which will then be cushioned by a meaningful pickup in orders towards September 2023.