[%NbtE%] 
Research by APEX
Hold – TP of MYR 2.15

“Off to a weak start” 

1QFY24 net earnings stood at RM19.3m, rose +59.5% yoy and +105.5% qoq. Meanwhile, revenue registered at RM127.3m, recording growth of +14.2% yoy (-20.0% qoq). The yoy performance was mainly lifted by higher sales volume of CPO and PK.

Analyst(s):
Steven Chong
[%vtnL%]

$KLSE-SWKPLNT 
Research by APEX
Hold – TP of MYR 2.15

“Off to a weak start” 

1QFY24 net earnings stood at RM19.3m, rose +59.5% yoy and +105.5% qoq. Meanwhile, revenue registered at RM127.3m, recording growth of +14.2% yoy (-20.0% qoq). The yoy performance was mainly lifted by higher sales volume of CPO and PK.

Analyst(s):
Steven Chong
stevenchong@apexsecurities.com.my

$SWKPLNT / 5135 (SARAWAK PLANTATION BERHAD)