Latest news with #MalaysianPacificIndustriesBhd
BusinessToday
4 days ago
- Business
- BusinessToday
Market Remains In Negative Territory As Decliners Outpace Gainers
The stock market continues to close in the negative territory for another session, weighed down by persistent selling pressure and cautious sentiment across the broader market. Decliners continued to dominate, with 601 counters falling compared to 412 gainers, while 498 stocks ended unchanged. A total of 918 counters were untraded and eight were suspended. Despite the bearish tone, trading activity picked up, with turnover rising to 3.07 billion shares worth RM2.36 billion from 2.93 billion shares valued at RM1.67 billion on July 14. Heineken Malaysia Bhd led the top losers, retreating 40 sen to RM24.50 on active selling. Malaysian Pacific Industries Bhd dropped 38 sen to RM20.40, while Fraser & Neave Holdings Bhd slid 28 sen to RM28.70. Other heavyweights under pressure included Hong Leong Bank Bhd, down 26 sen to RM19.30, and Nestlé (M) Bhd, which eased 24 sen to RM76.50. On the upside, gains were limited, with Riverview Rubber Estates Bhd emerged as the top gainer, rising 15 sen to RM3. Master-Pack Group Bhd added 12 sen to RM3.15, while United Plantations Bhd edged up eight sen to RM21.70 on strong interest with 1.73 million shares traded. KPS Consortium Bhd and KKB Engineering Bhd (KKB) also saw modest gains of 7.5 sen and seven sen, respectively, to close the trading session at 56.5 sen and RM1.34. Despite the increase in trading volume, sentiment remained broadly subdued, as investors continued to adopt a wait-and-see approach amid a lack of fresh catalysts and external uncertainties. Related
BusinessToday
10-07-2025
- Business
- BusinessToday
Stock Today: MPI Slides 3.3% As Tech Sentiment Wavers Amid Trade Tensions
Shares in Malaysian Pacific Industries Bhd (MPI) slipped RM0.74 or 3.32% to RM21.54 by 12.30pm today, with trading volume reaching 143,100 units. Investors appeared cautious as global trade friction and semiconductor supply risks weighed on sentiment in the technology sector. The selling momentum follows recent announcements by the United States regarding new 25% tariffs on Malaysian exports, sparking concern over potential disruptions in semiconductor equipment and hardware segments closely linked to MPI's operations, which include silicone wafer fabrication and semiconductor packaging. Although MPI did not comment directly, the heightened uncertainty around trade negotiations and proposed restrictions on AI chip shipments may have prompted investors to reassess exposure to export-driven tech stocks. Earlier this year, Malaysia reported a drop in electronic exports, coinciding with PMI data showing weaker factory orders and a cautious tone in capital investment. Despite today's dip, MPI remains well-positioned due to its diversified customer base and ongoing expansion plans aimed at capturing growth in advanced packaging for AI and 5G chipsets. Analysts suggest that stable semiconductor demand and successful trade negotiations could provide an upside for MPI's share price. For now, market attention remains focused on how upcoming policy decisions by Bank Negara Malaysia, global trade developments, and semiconductor export rules will affect MPI's earnings and investor confidence in the technology sector. Related
The Star
19-06-2025
- Business
- The Star
Tech sector on the upswing as recovery emerges
RHB Research said it believes Malaysia stands to benefit from US-imposed tariffs via short-term rushed orders and long-term manufacturing reallocation activity. PETALING JAYA: RHB Research remains positive on the local technology sector despite muted earnings in the first quarter of the year (1Q25), as stronger revenue trends and optimistic guidance from many companies point to a continued recovery. 'Engineering support players continue to book robust revenue growth – seen as a precursor to growth for automated test equipment manufacturers as well as outsourced semiconductor assembly and test players,' the research house said. RHB Research expects stronger numbers in the second quarter and second half of the year, supported by a broader recovery across the semiconductor supply chain. It forecast earnings growth for the sector at 2% year-on-year (y-o-y) for this year and 40% y-o-y next year. 'Order and revenue trends remain constructive, supported by a sector recovery and potential front-loading activities, despite the ongoing trade uncertainty. 'Most management teams have adopted an optimistic tone due to stronger loadings with the replacement cycle, new product introductions, demand recovery, and technology advancements. These trends are further bolstered by new opportunities emerging from the China Plus One and Taiwan Plus One strategies to diversify supply chains,' RHB Research added. The research house said it believes Malaysia stands to benefit from US-imposed tariffs via short-term rushed orders and long-term manufacturing reallocation activity. 'The country's robust ecosystem, talent pool, and infrastructure provide a competitive advantage. While excessive inventory build-up could raise demand uncertainty, the sector remains in an upcycle, showing minimal signs of major disruptions so far,' RHB Research said. It pointed out that after the industry's sell-down, the sector's valuations have become compelling, offering an attractive risk reward ratio. The research house said the sector is trading at 20 times its forward price-earnings ratio and expects a re-rating as earnings strengthen and global uncertainties ease. Reviewing the sector's 1Q25 results, RHB Research said the results were largely in line with expectations, with five companies under its coverage meeting projections and one outperforming estimates. However, three companies had numbers that missed expectations, due to slower order recognition, margin compression, and foreign exchange impacts. It pointed out that most players booked declining earnings, except for Coraza Integrated Technology Bhd , which maintained its revenue despite margin pressures from average selling price erosion, pre-opening expenses, and higher costs. RHB Research's top picks for the sector are Malaysian Pacific Industries Bhd and Unisem (M) Bhd which are key beneficiaries of the chip sector's recovery, China's demand rebound, and the commencement of new programmes and customers. It added that CTOS Digital Bhd was a standout as it leveraged the digitalisation trend and has exposure to the fintech segment.
The Star
09-06-2025
- Business
- The Star
FBM KLCI higher amid regional gains
PETALING JAYA: Bursa Malaysia ended higher yesterday, supported by gains in blue chips and positive regional market sentiment. The FBM KLCI gained 0.17% or 2.62 points to 1,519.41, with gainers outnumbering losers 535 to 400 on trade of 2.6 billion shares worth RM1.84bil on the broader market. Daily gainers for the FBM KLCI constituents at 15 counters outweighed losers at 12 counters, while three remained unchanged. The top gainer was Dutch Lady Milk Industries Bhd , which jumped 74 sen to RM29.70. Malaysian Pacific Industries Bhd rose 70 sen to RM20.90, Ayer Holdings Bhd added 36 sen to RM7.60 and Pentamaster Corp Bhd rose 20 sen to RM2.80. The top decliner was Nestle (M) Bhd which lost RM1.38 to RM75.74. Petronas Dagangan Bhd eased 36 sen to RM20.64 and LPI Capital Bhd fell 30 sen to RM14.60.
Malaysian Reserve
29-05-2025
- Automotive
- Malaysian Reserve
Malaysian Pacific Industries retains Buy, target price lowered to RM22.58
Malaysian Pacific Industries Bhd posted relatively subdued quarterly earnings in 3QFY25, with revenue declining marginally by 1.2% YoY to RM520m – versus RM526m in 3QFY24 – underscoring persistent softness across key end markets. Profitability remained under pressure, with core profit after tax and minority interests (PATAMI) plunging 23% year-on-year , primarily due to less favourable product mix, and earnings before interest, taxes, depreciation, and amortisation margin narrowing by 4 percentage points YoY to 23%. Geographically, Europe sales weakened (-7.4% quarter-on-quarter, -5.5% YoY) as the automotive segment remained lacklustre. US sales saw a notable sequential pickup of +23.5% QoQ, but the region continued to post a 6.3% YoY contraction, likely attributable to prolonged inventory adjustments, in light of macroeconomic uncertainty. Cumulatively, U.S. sales in 9MFY25 contracted by 20.2% YoY, dragging MPI's core PATAMI by 14.5% YoY to RM109.1m – making up only 55% of our full-year estimate and 69% of consensus – falling short of expectations. The group declared a second interim dividend of 25 sen per share, bringing total year-to-date dividend per share to 35 sen. As we roll forward our valuation, we reiterate our Buy call, but with a lower target price of RM22.58 (from RM26.80), based on 27x price-to-earnings ratio (PER) (-1.5 standard deviation of 3-year average forward PER) applied to FY26F earnings per share of 83.6 sen. – BIMB Securities Sdn Bhd (May 29, 2025) (Calls by analysts tracked by Bloomberg: 5 Buy, 2 Hold, 1 Sell; Consensus target price: RM21.99)
