[%qmPx%] 
Research by Kenanga
Underperform – TP of MYR 4.00

“Property Upstages Packaging” 

SCIENTX’s 9MFY24 results met expectations. Its 9MFY24 core net profit rose 23% YoY driven largely by strong property profits, partially offset by weak packaging exports. We see a similar earnings trend going forward. We maintain our forecasts, fine-tune up our TP by 1% to RM4.00 (from RM3.95) and reiterate our UNDERPERFORM call.

Analyst(s):
Thin Yun Jing 
[%kgQq%]

$KLSE-SCIENTX 
Research by Kenanga
Underperform – TP of MYR 4.00

“Property Upstages Packaging” 

SCIENTX’s 9MFY24 results met expectations. Its 9MFY24 core net profit rose 23% YoY driven largely by strong property profits, partially offset by weak packaging exports. We see a similar earnings trend going forward. We maintain our forecasts, fine-tune up our TP by 1% to RM4.00 (from RM3.95) and reiterate our UNDERPERFORM call.

Analyst(s):
Thin Yun Jing 
thinyj@kenanga.com.my