[%YVex%]
Research by Apex
Buy – TP RM1.00

“Sub-par performance"

• Tasco’s 1QFY25 core net profit at RM 10.6m missed our expectations.
• Looking ahead, we are turning more cautious with low single-digit growth, due to the challenging operational landscape within the industry.
• We maintain our BUY recommendation with lower target price of RM1.00 by pegging PE multiple of 11.0x to FY26F EPS of 9.1 sen.

Analyst:
Jayden Tan
[%Wqan%]

$KLSE-TASCO
Research by Apex
Buy – TP RM1.00

“Sub-par performance"

• Tasco’s 1QFY25 core net profit at RM 10.6m missed our expectations.
• Looking ahead, we are turning more cautious with low single-digit growth, due to the challenging operational landscape within the industry.
• We maintain our BUY recommendation with lower target price of RM1.00 by pegging PE multiple of 11.0x to FY26F EPS of 9.1 sen.

Analyst:
Jayden Tan
kdtan@apexsecurities.com.my