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Research by RHB
Buy (Maintained) – TP RM1.15

“Ground Checks: Post-Results Briefing Takeaways; BUY"

Maintain BUY and MYR1.15 TP, 36% upside and c.4% FY24F (Mar) yield. We came away from TASCO’s post-results briefing and site visits remaining upbeat on FY25 and beyond. This is driven by: i) Recovery in trade activities, ii) regional business projects, iii) contributions from new warehouses, and iv) a lower effective tax rate.

Analysts:
Nai Wan Yan 
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Lee Meng Horng 
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$KLSE-TASCO
Research by RHB
Buy (Maintained) – TP RM1.15

“Ground Checks: Post-Results Briefing Takeaways; BUY"

Maintain BUY and MYR1.15 TP, 36% upside and c.4% FY24F (Mar) yield. We came away from TASCO’s post-results briefing and site visits remaining upbeat on FY25 and beyond. This is driven by: i) Recovery in trade activities, ii) regional business projects, iii) contributions from new warehouses, and iv) a lower effective tax rate.

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