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Research by TA
Sell – TP RM1.19

“A Soft Patch for FY24"

After rolling forward the valuation base year to CY25 earnings, we have arrived at a new target price of RM1.19 (from RM1.11). However, given the recent strong run-up in the share price, we believe the stock is now fairly valued. Therefore, we recommend that investors take profits at this juncture. Downgrade to Sell.

Analyst:
Raymond Ng Ing Yeow 
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$KLSE-CMSB
Research by TA
Sell – TP RM1.19

“A Soft Patch for FY24"

After rolling forward the valuation base year to CY25 earnings, we have arrived at a new target price of RM1.19 (from RM1.11). However, given the recent strong run-up in the share price, we believe the stock is now fairly valued. Therefore, we recommend that investors take profits at this juncture. Downgrade to Sell.

Analyst:
Raymond Ng Ing Yeow 
raymondng@ta.com.my