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Research by TA Securities
Buy – Target Price RM1.55

“Business Mostly Intact”

We came away from ABLEGLOB’s post results analyst briefing feeling neutral with the following key takeaways: i) Dairy segment’s margins are expected to sustain amid resilient consumption ii) Demand for filled milk products is escalating iii) Export approval for full cream dairy products still in the pipeline. No change to our earnings forecast. Maintain Buy with an unchanged target price of RM1.55/share.

Analyst:
Raymond Ng Ing Yeow 
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$KLSE-ABLEGRP 
Research by TA Securities
Buy – Target Price RM1.55

“Business Mostly Intact”

We came away from ABLEGLOB’s post results analyst briefing feeling neutral with the following key takeaways: i) Dairy segment’s margins are expected to sustain amid resilient consumption ii) Demand for filled milk products is escalating iii) Export approval for full cream dairy products still in the pipeline. No change to our earnings forecast. Maintain Buy with an unchanged target price of RM1.55/share.

Analyst:
Raymond Ng Ing Yeow 
raymondng@ta.com.my