KUALA LUMPUR (Jan 25): CGS-CIMB raised Malaysia Pacific Industries Bhd (MPI) earnings per share (EPS) for FY21-23F by 21%-28% to reflect higher utilisation and robust demand growth for chips from the automotive, industrial and communication segments.
Its analyst Mohd Shanaz Noor Azam shared in a note today that in his recent discussion with MPI management, they indicated that MPI is experiencing robust order visibility for FY21 due to new customer win for cu-clip power packages going into servers at data centres, a pick-up in sensor shipment volume driven by recovery in the global automotive and electric vehicle (EV) market, and higher demand for radio-frequency (RF) chips going into smartphones and 5G base stations, especially in China.
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