TA Research said the semiconductor manufacturing group is confident of recording a stronger 4Q24.
PETALING JAYA: Analysts are generally optimistic about the outlook for Malaysian Pacific Industries
Bhd (MPI), underpinned by a decent earnings recovery for the nine months ended March 31 and a strong exposure in the growing automotive semiconductor sector.
TA Research reported that the net profit of RM81.4mil posted by MPI for the three quarters to March, representing a 53.1% year-on-year (y-o-y) jump, had been mainly driven by lower operating expenses, a stronger dollar to ringgit trend, and higher interest income.
