MPI’s exposure to the growing automotive semiconductor segment bodes well for the company, analysts said.
Malaysian Pacific Industries
Bhd (MPI) appears to be riding high on the semiconductor sector recovery as technology continues to advance and demand rises.
Returning to the black with a net profit of RM32.76mil in the third quarter ended March 31, 2024 (3Q24), as compared to a net loss of RM17.83mil in 3Q23, the outsourced semiconductor packaging and testing services company saw its share price soar to a two-year high of RM39.40.
