[%NtUF%] 
Research by MIDF
Neutral – TP of MYR 2.05

“New Products with Better Margins” 

Within expectations. Asia File’s (“AF”) FY24 core PATANCI of RM40.2m (after excluding a one-time off item of -RM11.9m) came in within our forecast (at 101.9% our forecast) and consensus estimates (at 102% of consensus forecast). AF proposed a final single-tier dividend of 3.5 sen/share, pending shareholder approval. This brings the total FY24 dividend to 10.5 sen/share, up from 3.5 sen/share in FY23 and translates into dividend yield of 4.8%.

Analyst(s):
Genevieve Ng Pei Fen
[%NdZD%]

$KLSE-ASIAFLE 
Research by MIDF
Neutral – TP of MYR 2.05

“New Products with Better Margins” 

Within expectations. Asia File’s (“AF”) FY24 core PATANCI of RM40.2m (after excluding a one-time off item of -RM11.9m) came in within our forecast (at 101.9% our forecast) and consensus estimates (at 102% of consensus forecast). AF proposed a final single-tier dividend of 3.5 sen/share, pending shareholder approval. This brings the total FY24 dividend to 10.5 sen/share, up from 3.5 sen/share in FY23 and translates into dividend yield of 4.8%.

Analyst(s):
Genevieve Ng Pei Fen
genevieve.ng@midf.com.my

$ASIAFLE / 7129 (ASIA FILE CORPORATION BHD)