[%LllY%]
Research by TA
Buy – TP RM1.73

“Good Start to the Year"

Considering the favourable outlook, we raise our target PER to 11x from 9x against CY25 earnings, resulting in a new target price of RM1.73 (RM1.41 previously). Maintain Buy on the stock.

Analyst:
Raymond Ng Ing Yeow 
[%sJHJ%]

$KLSE-CSCSTEL
Research by TA
Buy – TP RM1.73

“Good Start to the Year"

Considering the favourable outlook, we raise our target PER to 11x from 9x against CY25 earnings, resulting in a new target price of RM1.73 (RM1.41 previously). Maintain Buy on the stock.

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

$CSCSTEL / 5094 (CSC STEEL HOLDINGS BERHAD)