Bhd (MPI) is expected to maintain double-digit US$ sales growth in the financial year ending June 2022 (FY6/22F), driven by robust demand for power management chips for electric vehicles (EVs) and data centres, a research house says. CGS-CIMB Equities Research said MPI’s nine-month period ended March 31,2021 (9MFY6/21) core net profit beat expectations, at 84%/80% of its/Bloomberg consensus’ forecasts, due to stronger-than-expected sales in 3QFY21. Its revenue grew 8.8% quarter-on-quarter (qoq) to RM527mil in 3QFY6/21 due to stronger contributions from all key markets — Asia (+7%), USA (+9.8%) and Europe (+13.3%). In US$ terms, MPI’s revenue rose 10% qoq in 3QFY21. CGS-CIMB Research estimated Carsem’s plant in Ipoh and Suzhou were running at full capacity in the quarter.