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Research by TA
Sell – TP RM0.52

“New Sub-Contract Job Worth RM142.3mn"

We keep our target price unchanged at RM0.52 based on a target PER of 12x against CY25 earnings. Nevertheless, we are downgrading our call to Sell from Buy previously, as the stock appears to be fairly valued following its recent significant price surge.

Analyst:
Raymond Ng Ing Yeow 
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$KLSE-TRC
Research by TA
Sell – TP RM0.52

“New Sub-Contract Job Worth RM142.3mn"

We keep our target price unchanged at RM0.52 based on a target PER of 12x against CY25 earnings. Nevertheless, we are downgrading our call to Sell from Buy previously, as the stock appears to be fairly valued following its recent significant price surge.

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