PublicInvest Research

TECHNICAL BUY: PIE (7095)

PublicInvest
Publish date: Mon, 03 Feb 2025, 09:18 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Technical chart: PIE

Key Technical Analysis
Last closing price: RM4.63
Support Level Share Price Resistance Level Share Price
1st Support 4.57 1st Resistance 5.00
2nd Support 4.22 2nd Resistance 5.30
3rd Support 3.79 3rd Resistance 5.60

Description

PIE is now capable of providing a fully integrated one-stop contract electronics manufacturing service to major multinational companies for a range of electronics, telecommunications, and computer peripheral products.

Fundamentals

The Group's electronics manufacturing services (EMS) segment saw strong 4QFY24 orders, with rising demand for supercomputing products. Plants 3 and 5 are dedicated to a key customer, while Plant 6 is being renovated for a new server and switches client, targeting mass production in FY25. The Group is prioritising higher margin customers and actively seeking new clients in automotive, robotics, medical, and telecommunications.

Key Financial Data
Growth / Ratio FY21 FY22 FY23
Revenue growth (%) 49.41 13.67 4.43
Normalised net income growth (%) 37.86 17.28 5.83
Return on equity (%) 12.14 13.01 12.58
Return on asset (%) 8.10 8.08 8.10
Price earnings ratio (x) 24.19 14.25 16.96
Price to book ratio (x) 2.83 1.78 2.05
Debt to equity ratio (%) 13.84 18.84 11.09

Source: PublicInvest Research - 3 Feb 2025

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