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Research by RHB
Buy – TP RM1.31

“Catching a Glimpse Of The Recovery Picture"

Maintain BUY and MYR1.31 TP, 10% upside and c.4% FY25F (Mar) yield. We visited EMS companies under our coverage in Johor and came back feeling positive on the near-term sector earnings prospectus and learnt that customer diversification is gathering pace. We continue to like SKP Resources as a proxy to capitalise on the recovery of global demand for consumer electronics and opportunities arising from the trade war diversion.

Analyst:
Soong Wei Siang 
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$KLSE-SKPRES
Research by RHB
Buy – TP RM1.31

“Catching a Glimpse Of The Recovery Picture"

Maintain BUY and MYR1.31 TP, 10% upside and c.4% FY25F (Mar) yield. We visited EMS companies under our coverage in Johor and came back feeling positive on the near-term sector earnings prospectus and learnt that customer diversification is gathering pace. We continue to like SKP Resources as a proxy to capitalise on the recovery of global demand for consumer electronics and opportunities arising from the trade war diversion.

Analyst:
Soong Wei Siang 
soong.wei.siang@rhbgroup.com