[%ZGAq%] 
Research by Maybank 
BUY – TP RM6.85

" Signs showing: Stars alignment is drawing near"

We maintain our BUY rating on SAM Engineering & Equipment (SAMEE) with an unchanged TP of MYR6.85 – based on 32.7x PER on CY25E EPS, at +1.5SD to its 5Y mean 12M fwd. PER. We believe that SAMEE is well positioned to capitalise on the expected cyclical recovery of both the aerospace and front-end semiconductor sectors. SAMEE is a secular growth stock and is one of our technology sector’s top BUYs. 

Analyst:
Jeremie Yap
[%kYTb%]

$KLSE-SAM 
Research by Maybank 
BUY – TP RM6.85

" Signs showing: Stars alignment is drawing near"

We maintain our BUY rating on SAM Engineering & Equipment (SAMEE) with an unchanged TP of MYR6.85 – based on 32.7x PER on CY25E EPS, at +1.5SD to its 5Y mean 12M fwd. PER. We believe that SAMEE is well positioned to capitalise on the expected cyclical recovery of both the aerospace and front-end semiconductor sectors. SAMEE is a secular growth stock and is one of our technology sector’s top BUYs. 

Analyst:
Jeremie Yap
jeremie.yap@maybank-ib.com

$SAM / 9822 (SAM ENGINEERING & EQUIPMENT (M) BERHAD)