MPI: Strategic Acquisition Boosts Outlook, Analyst Reiterates Buy Rating

Strategic Acquisition Boosts Outlook MPI: Strategic Acquisition Boosts Outlook, Analyst Reiterates Buy Rating Investment Bank TA SECURITIES TP (Target Price) RM0.25 (+25.0%) Last Traded RM0.20 Recommendation BUY Malaysian Pacific Industries (MPI) is set to acquire Infineon Technologies (Thailand) (IFTH) for USD77.9 million, a move that analysts at RHB view as strategically positive despite being neutral…