KUALA LUMPUR: Kenanga Research raised its earnings outlook on PIE Industrial Bhd
on the back of stronger prospects from a new customer's entertainment device.
The research house upgraded the stock to "outperform" as it raised earnings forecasts for FY20/FY21 by 21%/19% to RM23.6mil/RM66.5mil as it anticipated continuing recovery momentum with strong contribution from the customer.
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