July 4, 2012

Fair value of semiconductor firms raised

Stock Name: UNISEM
Company Name: UNISEM (M) BHD
Research House: RHBPrice Call: BUYTarget Price: 1.90

Stock Name: MPI
Company Name: MALAYSIAN PACIFIC INDUSTRIES
Research House: RHBPrice Call: BUYTarget Price: 4.21

Stock Name: NOTION
Company Name: NOTION VTEC BHD
Research House: RHBPrice Call: BUYTarget Price: 1.51



RHB Research kept its call on the Malaysian semiconductor industry at "overweight" due to the third consecutive month of rising global chip sales and forecasts of stronger demand in the second half of 2012.

RHB said it saw a gradual semiconductor sector recovery, driven by strong consumer and corporate information technology spending.

The research house raised the fair value of companies such as Unisem M Bhd, Malaysian Pacific Industries Bhd (MPI), and Notion Vtec Bhd.

RHB raised Unisem's fair value to RM1.90 per share from RM1.84 previously, MPI to RM4.12 per share from RM4.09 and Notion Vtec to RM1.51 per share from RM1.31.

All three semiconductor stocks are all rated as "outperform"
by the research house. -- Reuters

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