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Research by MIDF
Buy – TP of MYR 14.52

“A Flame Reignited” 

We initiate coverage on LPI with a BUY recommendation and a TP of RM14.52 based on FY25F P/BV of 2.42x. This represents an upside of 18.2% of LPI’s current price of RM12.28. We derive this P/BV via an LTG of 4.0%, COE of 8.7% and FY25F ROE of 15.4%.

Analyst(s):
Samuel Woo
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$KLSE-LPI 
Research by MIDF
Buy – TP of MYR 14.52

“A Flame Reignited” 

We initiate coverage on LPI with a BUY recommendation and a TP of RM14.52 based on FY25F P/BV of 2.42x. This represents an upside of 18.2% of LPI’s current price of RM12.28. We derive this P/BV via an LTG of 4.0%, COE of 8.7% and FY25F ROE of 15.4%.

Analyst(s):
Samuel Woo
samuel.woo@midf.com.my