[%EUEB%] 
Research by Malacca Securities
Sell - TP of RM0.945

"1HFY24 Within Expectation"

Within expectation. In 2Q24, REXIT recorded a core PATMI of RM3.7m, increased  29.7% QoQ and 33.7% YoY, respectively, bringing the 1HFY24 core PATMI to  RM6.5m. The core PATMI was adjusted for the one-off hardware, system software  sales, which is c.RM0.4m in the bottomline. The core 1H24 earnings came in within  our expectation, accounting to 56.6% of the earnings forecast of RM11.4m as we  believe the earnings may normalise in 2H24. 

Analyst(s):
Loui Low
[%qEjQ%]

$KLSE-REXIT 
Research by Malacca Securities
Sell - TP of RM0.945

"1HFY24 Within Expectation"

Within expectation. In 2Q24, REXIT recorded a core PATMI of RM3.7m, increased  29.7% QoQ and 33.7% YoY, respectively, bringing the 1HFY24 core PATMI to  RM6.5m. The core PATMI was adjusted for the one-off hardware, system software  sales, which is c.RM0.4m in the bottomline. The core 1H24 earnings came in within  our expectation, accounting to 56.6% of the earnings forecast of RM11.4m as we  believe the earnings may normalise in 2H24. 

Analyst(s):
Loui Low
louilow@msec.com.my