[%Weyi%] 
Research by Kenanga
Market Perform - TP of RM0.94

"Double Happiness"

HIL’s FY23 results beat expectations. Its FY23 core net profit rose 77% YoY, driven by strong auto parts sales to Perodua and higher property profits. We raise our FY24 net profit forecast by 2%, lift our TP by 3% to RM0.94 (from RM0.91) and maintain our MARKET PERFORM call.

Analyst(s):
Wan Mustaqim Bin Wan Ab Aziz 
[%lwGG%]

$KLSE-HIL 
Research by Kenanga
Market Perform - TP of RM0.94

"Double Happiness"

HIL’s FY23 results beat expectations. Its FY23 core net profit rose 77% YoY, driven by strong auto parts sales to Perodua and higher property profits. We raise our FY24 net profit forecast by 2%, lift our TP by 3% to RM0.94 (from RM0.91) and maintain our MARKET PERFORM call.

Analyst(s):
Wan Mustaqim Bin Wan Ab Aziz 
wanmustaqim@kenanga.com.my