[%hdri%] 
Research by Kenanga
Outperform – TP of MYR 1.70

“Growth Building Blocks Put in Place” 

OPPSTAR has put in place building blocks for growth, namely, Samsung’s wafer fab collaboration, expansion in the Japanese market and broadening the offerings of its post-silicon validation services. It shared that its recently announced 1QFY24 results could have been stronger had a turnkey project from a Chinese customer come in sooner. We keep our forecasts, TP of RM1.70 and OUTPERFORM call.

Analyst(s):
Samuel Tan 
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$KLSE-OPPSTAR 
Research by Kenanga
Outperform – TP of MYR 1.70

“Growth Building Blocks Put in Place” 

OPPSTAR has put in place building blocks for growth, namely, Samsung’s wafer fab collaboration, expansion in the Japanese market and broadening the offerings of its post-silicon validation services. It shared that its recently announced 1QFY24 results could have been stronger had a turnkey project from a Chinese customer come in sooner. We keep our forecasts, TP of RM1.70 and OUTPERFORM call.

Analyst(s):
Samuel Tan 
samueltan@kenanga.com.my