In its commentary, TA Research said it maintained its “overweight” rating on the semiconductor sector with “buy” recommendations on companies under its coverage. These are Inari-Amertron Bhd with a target price of RM4.25 and a price-to-earnings (PE) ratio of 39 times, Unisem (M) Bhd with a target price of RM11.80 and 35 times PE, Malaysian Pacific Industries (MPI) with a target price of RM60.85 and 35 times PE, and Elsoft Research Bhd with a target price of RM1.25 and 35 times PE.
PETALING JAYA: The semiconductor sector remains in a robust upcycle after having recorded 19 consecutive months of year-on-year (y-o-y) growth.
Industry growth in the most recent five months have also been very strong at levels of above 20% y-o-y.
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