[%rAQt%] 
Research by Kenanga
Outperform - TP of RM2.11

"Growing Property, Plantation Businesses"

MKH’s 1QFY24 results met expectations. Its 1QFY24 core net profit more than doubled driven by strong performance across the board. We like MKH for its affordable and transit-oriented development (TOD) property offerings and expanding plantation business in Kalimantan. We maintain our forecasts and OUTPERFORM call.

Analyst(s):
Clement Chua 
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$KLSE-MKH 
Research by Kenanga
Outperform - TP of RM2.11

"Growing Property, Plantation Businesses"

MKH’s 1QFY24 results met expectations. Its 1QFY24 core net profit more than doubled driven by strong performance across the board. We like MKH for its affordable and transit-oriented development (TOD) property offerings and expanding plantation business in Kalimantan. We maintain our forecasts and OUTPERFORM call.

Analyst(s):
Clement Chua 
clement.chua@kenanga.com.my