Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Malaysian Pacific Industries Berhad (MPI) is showing short-term recovery with rising price and volume, trading near its fair value at RM21.20. While its balance sheet is strong and recent earnings improved slightly, the long-term trend remains bearish. Analyst views are mixed, and the stock faces key resistance at RM21.70. Overall, short-term momentum is mildly positive, but caution is still advised.
Semiconductor stocks showing strength globally as can be seen from semiconductor related ETF. This could be driven by possible interest rate cut as early as Jul. MPI should follow suit :)
Malaysian Pacific Industries Berhad (MPI) is currently trading sideways with a neutral to slightly bearish short-term outlook. It shows mild undervaluation and potential upside, supported by analyst targets. Key support is around MYR 17–18, with possible rebound targets at MYR 22–25.
