[%vpvO%]
Research by Kenanga
Underperform - TP RM0.11

"Expanded Annual Losses"

MEDIAC’s 1FY24 results exceeded expectations on the back of traction in cost savings measures. However, FY24 core losses
expanded YoY on the back of weaker adex and demand for published materials. We kept our FY25F earnings unchanged, while introducing new FY26F numbers, and maintain our TP of RM0.11 and UNDERPERFORM call.

Analyst:
Kylie Chan Sze Zan 
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$KLSE-MEDIAC
Research by Kenanga
Underperform - TP RM0.11

"Expanded Annual Losses"

MEDIAC’s 1FY24 results exceeded expectations on the back of traction in cost savings measures. However, FY24 core losses
expanded YoY on the back of weaker adex and demand for published materials. We kept our FY25F earnings unchanged, while introducing new FY26F numbers, and maintain our TP of RM0.11 and UNDERPERFORM call.

Analyst:
Kylie Chan Sze Zan 
kyliechan@kenanga.com.my

$MEDIAC / 5090 (MEDIA CHINESE INTERNATIONAL LIMITED)