$ELSOFT / 0090 (ELSOFT RESEARCH BERHAD)
Research by TA
Hold – TP RM0.575
“A Slow Start"
After revising the earnings forecasts, we tweaked the target price lower from RM0.59 to RM0.575, based on 24x CY25 earnings. Maintain a Hold call on the stock.
Analyst:
Chan Mun Chun
mcchan@ta.com.my