KUALA LUMPUR: CIMB Equities Research expects chip manufacturer Malaysian Pacific Industries
’ (MPI) earnings to expand strongly and accorded a target price of RM8.50, which is 30.1% above the last traded price of RM6.51.
The research house said MPI’s earnings would see a three year compounded annual growth rate of 25%, driven by a pick-up in industry demand, better product mix from higher-margin packages and an improvement in operating efficiency.
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