PIE factory is running 24/7 since the kick off of their Nintendo and Playstation projects after mco..Their new products offer better margin and less labour intensive. Also PIE is related company to Honhao/ Foxconn which may have more to benefits..
Hence the number in the upcoming quarter will only gets better.. Stay in the game..
Kenanga upgraded PIE to OUTPERFORM with higher TP of RM3.30
-Positive feedback in a meeting with management, premised on stronger prospects from a new customer’s entertainment device.
-PIE is supporting 20% of customer’s global demand and is in negotiation to ramp up further as the entertainment device is highly sought after globally and often sold out.
-This trend is expected to continue, driven by the work-from-home practice as lockdown restrictions tighten again owing to the resurgence in Covid-19 cases.
-Current capacity is maxed out with the group looking to expand its floor space (+50%) by acquiring a new plant.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jack888
794 posts
Posted by Jack888 > 2020-11-03 11:26 | Report Abuse
2.00 on the way....