The research house said the revised target price is premised on pegging the financial year ending Dec 31, 2022 (FY22) earnings per share 16.92 sen to an unchanged forward price-to-earnings ratio of 20 times.
KUALA LUMPUR: MIDF Research is keeping a “buy” call on electronics manufacturing services company PIE Industrial Bhd
(PIE) with a higher target price of RM3.38 from RM3.21.
The research house said the revised target price is premised on pegging the financial year ending Dec 31, 2022 (FY22) earnings per share 16.92 sen to an unchanged forward price-to-earnings ratio of 20 times.
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