$TASCO / 5140 (TASCO BERHAD)
Research by MIDF
Buy – TP RM1.20

“Optimism for FY25"

• 1QFY25 earnings met our estimate
• New warehouses to see increased utilisation
• Shipment volume recovery ahead
• No changes to earnings estimates
• Maintain BUY with an unchanged TP of RM1.20

Analyst:
MIDF Research Team
research@midf.com.my