BIMB Research believes MPI is well-positioned as a leader in the semiconductor industry.
PETALING JAYA: BIMB Research has resumed coverage on Malaysian Pacific Industries
Bhd (MPI) with a “buy” call, expressing optimism about MPI’s future earnings prospects, citing strong demand for electric vehicles (EVs) and the expansion of data centres and Industry 4.0.
The research house noted that these areas are expected to contribute significantly to MPI’s core profit, projecting a three-year compounded annual growth rate of 20% to reach RM331.2mil in the financial year ending June 30, 2027 (FY27), from RM189.9mil in FY24.
