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Research by TA Securities
Sell - Target Price RM0.37

"Weighed by Softer Trading Momentum"

Corresponding to the earnings cut, our TP for N2N is lowered to RM0.37 (previously RM0.415) based on a target PE of 17.0x against CY24F EPS, which is -2.0SD to the stock’s 3-year average PE of 26.1x. Maintain Sell. Key rerating catalysts for the stock include a pickup in trading activity and traction with the group’s Asia Trading Hub.

Analyst:
Wilson Loo, CFA 
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$KLSE-N2N
Research by TA Securities
Sell - Target Price RM0.37

"Weighed by Softer Trading Momentum"

Corresponding to the earnings cut, our TP for N2N is lowered to RM0.37 (previously RM0.415) based on a target PE of 17.0x against CY24F EPS, which is -2.0SD to the stock’s 3-year average PE of 26.1x. Maintain Sell. Key rerating catalysts for the stock include a pickup in trading activity and traction with the group’s Asia Trading Hub.

Analyst:
Wilson Loo, CFA 
wilsonloo@ta.com.my