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PETALING JAYA: Kenanga Research is keeping its positive stance on PIE Industrial Bhd on the prospects of a stronger second half despite indstry-wide components shortages.
GEORGE TOWN: PIE Industrial Bhd hopes to finalise contract talks with several big multinational clients by the third quarter of this year for the supply of box-build electronics.
LOCAL technology companies, which are currently trading at a premium, lack the space to grow their valuations against global players as the industry’s growth momentum tapers and the US dollar weakens against the ringgit.
PERHAPS 2017 can be summed up as the year where tech stocks dominated. Strong global spending aside, the emergence of e-commerce and the Internet of Things (IoT) along with the launch of the Digital Trade Free Zone created excitement and the prospects of better earnings.
KUALA LUMPUR: Kenanga Research is still positive on PIE Industrial Bhd despite the ongoing component shortages and labour issues potentially affecting performance in Q4FY17.