[%zSsG%] 
Research by TA
SELL– TP RM1.06

"Losses Persist with no Improvement in Sight”

As we incorporate an ESG Premium of 3%, we raise our TP to RM1.06/share (previous: RM1.03/share) pegged to 0.22x CY25 P/B ratio. Maintain Sell.

Analyst:
Ong Tze Hern 
 [%wIyF%]

$KLSE-LCTITAN 
Research by TA
SELL– TP RM1.06

"Losses Persist with no Improvement in Sight”

As we incorporate an ESG Premium of 3%, we raise our TP to RM1.06/share (previous: RM1.03/share) pegged to 0.22x CY25 P/B ratio. Maintain Sell.

Analyst:
Ong Tze Hern 
 thong@ta.com.my

$LCTITAN / 5284 (LOTTE CHEMICAL TITAN HOLDING BERHAD)