SEMICONDUCTOR
$UNISEM / 5005 (UNISEM (M) BERHAD) $MPI / 3867 (MALAYSIAN PACIFIC INDUSTRIES BERHAD) $ELSOFT / 0090 (ELSOFT RESEARCH BERHAD)
Research by TA
Overweight

“Backed by Robust Growth in Memory and Logic”

Overall, we maintain our OVERWEIGHT stance on the semiconductor sector. We expect the sentiment of the semiconductor sector in Malaysia will improve further, backed by an anticipated healthy recovery in global demand and increasing trade diversion opportunities as a result of the China Plus One strategy. Within our universe, we have Buy recommendation on INARI (TP: RM4.30). Meanwhile, we maintain Hold recommendations on UNISEM (TP: RM4.37), MPI (TP: RM41.10), and ELSOFT (TP: RM0.58).

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