[%qirU%] 
Research by APEX
Buy – TP of MYR0.44

“Struggling with higher costs”

Krono’s FY24 core net profit at RM8.2m came below our expectations dragged by slow recovery and higher than expected in operations cost. Looking ahead, we remain optimistic over the long-term prospects with a clearer economic outlook. Maintained our BUY recommendation with lower target price of RM0.44 by pegging PE multiple of 17x to FY25F EPS of 2.6 sen.

Analyst(s):
Jayden Tan
[%UpwQ%]

$KLSE-KRONO 
Research by APEX
Buy – TP of MYR0.44

“Struggling with higher costs”

Krono’s FY24 core net profit at RM8.2m came below our expectations dragged by slow recovery and higher than expected in operations cost. Looking ahead, we remain optimistic over the long-term prospects with a clearer economic outlook. Maintained our BUY recommendation with lower target price of RM0.44 by pegging PE multiple of 17x to FY25F EPS of 2.6 sen.

Analyst(s):
Jayden Tan
kdtan@apexsecurities.com.my