[%mhBV%]
Research by RHB
Buy (Maintained) – TP RM1.15

“Brighter Prospects In FY25; Maintain BUY"

Maintain BUY, new MYR1.15 TP from MYR1.19, 38% upside with c.4% FY24F (Mar) yield. While 4QFY24 showed sequential bottomline recovery, FY24 earnings were still slightly below expectations. We remain upbeat for FY25 and beyond, given: i) Trade activity recoveries, ii) regional business projects, iii) contributions from new warehouses, and iv) higher tax savings credits. TASCO also declared a final dividend of 2.35 sen/share.

Analysts:
Nai Wan Yan 
[%GmZc%]
Lee Meng Horng 
[%TWEd%]

$KLSE-TASCO
Research by RHB
Buy (Maintained) – TP RM1.15

“Brighter Prospects In FY25; Maintain BUY"

Maintain BUY, new MYR1.15 TP from MYR1.19, 38% upside with c.4% FY24F (Mar) yield. While 4QFY24 showed sequential bottomline recovery, FY24 earnings were still slightly below expectations. We remain upbeat for FY25 and beyond, given: i) Trade activity recoveries, ii) regional business projects, iii) contributions from new warehouses, and iv) higher tax savings credits. TASCO also declared a final dividend of 2.35 sen/share.

Analysts:
Nai Wan Yan 
nai.wan.yan@rhbgroup.com
Lee Meng Horng 
lee.meng.horng@rhbgroup.com