Pan-International Electronics (Malaysia) Sdn Bhd (PIESB) was established in 1989. Currently, PIESB principally provides integrated 'one-stop' CEM service for the computer, electronics and telecommunication industries, including assembly of various cables.
When PIESB was first established, it started off with general PC products such as keyboard cable assembly and serial mouse cable assembly. Subsequently, it has expanded and moved on to network PC products such as high precision network cable assembly, PC card assembly and GSM cable assembly. The company then ventured into contract electronic manufacturing for hand-held laser bar-code scanner devices. Most of the sales are either directly or indirectly exported to the overseas market, mainly to the USA, Europe and the Asia Pacific region.
The operations of PIESB are strategically located in Seberang Jaya Industrial Estate, with a workforce of around 700.
WHY PIE?
According to PIE group managing director Alvin Mui(pic), some of these projects came to PIE as a result of the US-China trade war.
PIE has confident to secure five electronic manufacturing projects that would generate a collective revenue of more than RM50mil a year.
For the recently announced quarter, PIE recorded core net profit of RM16.8mil, which was 115% higher quarter-on-quarter (q-o-q).
Huge Quaterly sequential improvement from Q1 2019 to Q3 2019 as shown below
From current year prospect, we are expecting company will deliever even better Quarter result compare to current Q3
PIE is now one of the cheapest PE tech stock, at only PE11.66 , comparing to other tech companies at PE20 ~ 25,
we see huge potential gain in PIE
Based on FA and TA, we foreseen PIE has more than 100% potential gain or at least RM3
We wish to tell you that we are holding PIE because last quarter result is super good and from technical Analysis, We will buy more at RM1.6 BREAKOUT level !!
Disclaimer
At this point of time the writer has a position in P.I.E . This article is purely meant for educational purposes only and it’s not BUY/SELL recommendation. Please consult your remisier /dealer before making any decision
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2019-12-16 14:53