[%Pgvp%] 
Research by TA
Buy – TP of MYR 5.41

“Property Segment Remains Resilient in 2HFY24 ” 

We upgraded SCIENTX from Sell to Buy with a revised TP of RM5.41/share based on Sum-of-Parts (SOP) valuation. We have applied a new PE ratio of 14x for the property segment to align with our smallcap sector target PE. We like the stock due to its diversified business model, which offers multiple growth catalysts that ensure earnings visibility across different economic cycles.

Analyst(s):
Liew Yi Jiet 
[%IXdT%]

$KLSE-SCIENTX 
Research by TA
Buy – TP of MYR 5.41

“Property Segment Remains Resilient in 2HFY24 ” 

We upgraded SCIENTX from Sell to Buy with a revised TP of RM5.41/share based on Sum-of-Parts (SOP) valuation. We have applied a new PE ratio of 14x for the property segment to align with our smallcap sector target PE. We like the stock due to its diversified business model, which offers multiple growth catalysts that ensure earnings visibility across different economic cycles.

Analyst(s):
Liew Yi Jiet 
yjliew@ta.com.my