[%VvtD%] 
Research by TA
Buy – TP of MYR 1.26

“9MFY24 Results Beat Expectations ” 

After revising the earnings forecasts and rolling forward our valuation base year to CY25, we revised the target price from RM0.965 to RM1.26, based on an unchanged PE multiple of 14.0x CY25F EPS. Maintain a Buy call on the stock.

Analyst(s):
Chan Mun Chun 
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$KLSE-REXIT 
Research by TA
Buy – TP of MYR 1.26

“9MFY24 Results Beat Expectations ” 

After revising the earnings forecasts and rolling forward our valuation base year to CY25, we revised the target price from RM0.965 to RM1.26, based on an unchanged PE multiple of 14.0x CY25F EPS. Maintain a Buy call on the stock.

Analyst(s):
Chan Mun Chun 
mcchan@ta.com.my