[%Ifzk%] 
Research by Maybank
Buy – TP of MYR1.55

“ESG 2.0: Slightly below average”

Our assessment of Wasco’s overall ESG score, under our proprietary ESG scoring methodology, is 48 (out of 100), making its ESG rating slightly below average, in our view. We think that while Wasco has decent ESG targets and qualitative parameters, more needs to be done with regards to its emission disclosures. We maintain our BUY recommendation on Wasco with an unchanged TP of MYR1.55 – based on 12x FY24E PER.

Analyst(s):
Jeremie Yap
[%UkRn%]

$KLSE-WASEONG 
Research by Maybank
Buy – TP of MYR1.55

“ESG 2.0: Slightly below average”

Our assessment of Wasco’s overall ESG score, under our proprietary ESG scoring methodology, is 48 (out of 100), making its ESG rating slightly below average, in our view. We think that while Wasco has decent ESG targets and qualitative parameters, more needs to be done with regards to its emission disclosures. We maintain our BUY recommendation on Wasco with an unchanged TP of MYR1.55 – based on 12x FY24E PER.

Analyst(s):
Jeremie Yap
jeremie.yap@maybank-ib.com

$WASEONG / 5142 (WAH SEONG CORPORATION BERHAD)