[%hhTA%] 
Research by Apex
Buy – TP of MYR 0.855

“Looking ahead for meaningful recovery in 2H24” 

1QFY24 net profit declined -47.3% yoy and -0.3% qoq to RM2.5m, dragged down by lower sales and margins due to an overall unfavorable product mix. Revenue for the quarter dropped 1.5% yoy and -9.4% qoq, attributed to lower contributions from the manufacturing segment and a seasonally weaker quarter.

Analyst(s):
Jayden Tan
[%kzvj%]

$KLSE-QES 
Research by Apex
Buy – TP of MYR 0.855

“Looking ahead for meaningful recovery in 2H24” 

1QFY24 net profit declined -47.3% yoy and -0.3% qoq to RM2.5m, dragged down by lower sales and margins due to an overall unfavorable product mix. Revenue for the quarter dropped 1.5% yoy and -9.4% qoq, attributed to lower contributions from the manufacturing segment and a seasonally weaker quarter.

Analyst(s):
Jayden Tan
kdtan@apexsecurities.com.my