Tellimer

MY : Malaysian Pacific Industries - Electrifying growth in 9MFY21

9MFY6/21 core net profit beat expectations, at 84%/80% of our/Bloomberg consensus’ forecasts, due to stronger-than-expected sales in 3QFY21. We expect MPI to maintain double-digit US$ sales growth in FY6/22F, driven by robust demand for power management chips for EVs and data centres. We raise FY21-23F EPS by 10-12%. Reiterate Add, with a RM42 TP.


Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers