PETALING JAYA: PIE Industrial Bhd
is set to deliver strong growth in the future, underpinned by its prospects of securing potential new clients in the server, medical device and consumer goods sectors.
Kenanga Research in a report said this would be fuelled by steady orders from current clients, as well as Customers “A” and “N,” who are engaged in the production of household entertainment devices and ASIC-based equipment, respectively.
In preparation for this, PIE has started significant refurbishment and expansion projects at its 100,000-sq-ft plant 5 and 275,000-sq-ft plant 6.
In its first quarter of the financial year 2023 (1Q23), Kenanga Research said PIE met earnings expectations as it recorded a core net profit of RM13.6mil.
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