Malaysian Pacific Industries Bhd, the nation’s second-biggest listed chip-maker by market value, fell the most in three months in Kuala Lumpur trading after RHB Capital Bhd analyst Yap Huey Chiang warned of a “persistent” inventory glut in the industry.
Its shares fell 3.7 percent to RM3.10 at 9:28 a.m. local time, set for their biggest drop since Aug. 9.
The company reported a first-quarter loss of RM9.6 million on Nov. 8.
RHB has an “underperform” call on the stock, according to a report today. -- Bloomberg
Its shares fell 3.7 percent to RM3.10 at 9:28 a.m. local time, set for their biggest drop since Aug. 9.
The company reported a first-quarter loss of RM9.6 million on Nov. 8.
RHB has an “underperform” call on the stock, according to a report today. -- Bloomberg
