$IBRACO / 5084 (IBRACO BERHAD)
Research by TA
Buy – TP RM1.33

“Looking Forward to Stronger Quarters Ahead"

We remain positive on Ibraco's strong position in Sarawak, which has led to robust property sales and the securing of construction projects with above-average profit margins. Maintain Buy.

Analyst:
Thiam Chiann Wen
cwthiam@ta.com.my