$CHINTEK / 1929 (CHIN TECK PLANTATIONS BERHAD)
Research by Ambank
Hold (Maintained) – FV of RM8.36

“Comparing CTP with NSOP”

We maintain HOLD on Chin Teck Plantations (CTP) with an unchanged fair value of RM8.36/share, based on a FY25F PE of 10x - the simple average of small cap plantation companies over the past 5 years. We ascribe a neutral 3- star ESG rating to CTP.

Analyst(s):
Gan Huey Ling, CFA
gan-huey-ling@ambankgroup.com