[%wOBH%]
Research by CGS
Hold – TP RM1.44

“Lowers GDV of FY24F planned launches"

■ MKH achieved a core net profit of RM24.5m in 1HFY24, a 21% yoy increase, driven higher contributions from both the property and plantation segments.
■ Management revised downwards its planned launches for FY24F to RM520m GDV, from RM640m previously.
■ Maintain Hold with an unchanged SOP-based TP of RM1.44.

Analyst:
CHONG Tjen-San, CFA
[%znhc%]

$KLSE-MKH
Research by CGS
Hold – TP RM1.44

“Lowers GDV of FY24F planned launches"

■ MKH achieved a core net profit of RM24.5m in 1HFY24, a 21% yoy increase, driven higher contributions from both the property and plantation segments.
■ Management revised downwards its planned launches for FY24F to RM520m GDV, from RM640m previously.
■ Maintain Hold with an unchanged SOP-based TP of RM1.44.

Analyst:
CHONG Tjen-San, CFA
tjen-san.chong@cgsi.com