$ABLEGRP / 7086 (ABLEGROUP BERHAD)
Research by TA
Hold – Target Price RM1.50
“Softer 1HFY23, Long Term Outlook Intact”
Following the earnings cut, we downgrade ABLEGLOB to Hold and lower our TP to RM1.50/share (previously RM1.55/share) based on SOP valuation method.
Analyst:
Raymond Ng Ing Yeow
raymondng@ta.com.my