$CCK / 7035 (CCK CONSOLIDATED HOLDINGS BERHAD)
Research by PIB
Underperform – TP of MYR 1.20

"Within Expectations”

CCK’s 1QFY24 core net profit grew by 45.1% YoY to RM21.2m, largely driven by greater contribution from the poultry segment on lower feed input costs, and higher sales from its retail segment on stronger consumer demand. Results were in-line with our and consensus expectations, accounting for 27.4% and 25.8% of full-year estimates, respectively. We tweak our earnings by

Analyst(s):
Wong Ling Ling
wong.lingling@publicinvestbank.com.my