KUALA LUMPUR: CIMB Equities Research has raised the target price of Malaysian Pacific Industries
(MPI) from RM2.38 to RM4.50 and upgrades it to Add from Hold.
It said on Tuesday MPI’s 2QFY6/14 core net profit of RM16.3mil beat its expectations and its 1HFY14 earnings of RM32.7mil already exceeded its previous FY14 forecast of RM25.8mil.
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