SEMICONDUCTOR
[%AhJZ%] [%EVft%] [%IqUa%] [%OZzp%] 
Research by TA
Overweight (Maintained)

“On Track to Recovery”

Overall, we maintain our OVERWEIGHT stance on the technology sector. We believe the sentiment of the semiconductor sector in Malaysia will improve gradually, underpinned by an anticipated recovery in global demand and increasing trade diversion opportunities as a result of the China Plus One strategy. Within our universe, we maintain Buy on INARI (TP: RM3.55) and ELSOFT (TP: RM0.59).

Analyst(s):
Chan Mun Chun 
[%qRjH%]

SEMICONDUCTOR
$KLSE-INARI $KLSE-ELSOFT $KLSE-MPI $KLSE-UNISEM 
Research by TA
Overweight (Maintained)

“On Track to Recovery”

Overall, we maintain our OVERWEIGHT stance on the technology sector. We believe the sentiment of the semiconductor sector in Malaysia will improve gradually, underpinned by an anticipated recovery in global demand and increasing trade diversion opportunities as a result of the China Plus One strategy. Within our universe, we maintain Buy on INARI (TP: RM3.55) and ELSOFT (TP: RM0.59).

Analyst(s):
Chan Mun Chun 
mcchan@ta.com.my

$MPI / 3867 (MALAYSIAN PACIFIC INDUSTRIES BERHAD)