AmResearch Sdn Bhd re-initiated coverage of Malaysian semiconductor stocks with an “overweight” call on the industry, saying the sector is in an early stage of cyclical recovery.
The research house said in a report today it has a new “buy” rating on Malaysian Pacific Industries Bhd with an RM8.90 share price forecast.
It also has a “buy” rating on Unisem (M) Bhd with a RM3.30 share price forecast. -- Bloomberg
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