[%AYTI%] 
Research by Kenanga
Market Perform – Target Price RM7.06

“Another Quarterly Profit in 1QFY24”

KESM’s 1QFY24 results met expectations, marking its second consecutive quarterly profit, driven by a higher loading volume from its burn-in and test services. These could be early signs that its RM143m investment is gradually paying off. We maintain our forecasts, TP of RM7.06 and MARKET PERFORM call.

Analyst:
Samuel Tan 
[%luJt%]

$KLSE-KESM 
Research by Kenanga
Market Perform – Target Price RM7.06

“Another Quarterly Profit in 1QFY24”

KESM’s 1QFY24 results met expectations, marking its second consecutive quarterly profit, driven by a higher loading volume from its burn-in and test services. These could be early signs that its RM143m investment is gradually paying off. We maintain our forecasts, TP of RM7.06 and MARKET PERFORM call.

Analyst:
Samuel Tan 
samueltan@kenanga.com.my