$POHUAT / 7088 (POH HUAT RESOURCES HOLDINGS BERHAD)
Research by TA Securities
Hold – Target Price RM1.40

“Expect a Stronger Year Ahead”

After rolling forward our valuation base year to CY25, we tweaked the target price higher from RM1.33 to RM1.40, based on 8xCY25 earnings. Maintain Hold call on POHUAT. We believe the solid balance sheet with a strong cash pile of RM308.6mn will help the group to sail through the near-term headwinds.

Analyst:
Chan Mun Chun
mcchan@ta.com.my