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Research by RHB
Buy – TP RM5.95

“Capturing Growth From Diverse Sectors; BUY"

Keep BUY with new MYR5.95 TP from MYR6.16, 29% upside and 0.4% FY24F yield. Post briefing, management has adopted a more conservative tone for FY24 due to the slower-than-expected automotive sector performance. It is now anticipating a flattish YoY revenue, with earnings to be cushioned by slightly better margins. Nevertheless, we remain upbeat on Pentamaster’s outlook as it stands to benefit from the proliferation of power semiconductor devices driven by advancements in AI, automotive electrification, and medical manufacturing automation.

Analysts:
Miza Izaimi 
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Lee Meng Horng 
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$KLSE-PENTA
Research by RHB
Buy – TP RM5.95

“Capturing Growth From Diverse Sectors; BUY"

Keep BUY with new MYR5.95 TP from MYR6.16, 29% upside and 0.4% FY24F yield. Post briefing, management has adopted a more conservative tone for FY24 due to the slower-than-expected automotive sector performance. It is now anticipating a flattish YoY revenue, with earnings to be cushioned by slightly better margins. Nevertheless, we remain upbeat on Pentamaster’s outlook as it stands to benefit from the proliferation of power semiconductor devices driven by advancements in AI, automotive electrification, and medical manufacturing automation.

Analysts:
Miza Izaimi 
miza.izaimi@rhbgroup.com
Lee Meng Horng 
lee.meng.horng@rhbgroup.com

$PENTA / 7160 (PENTAMASTER CORPORATION BERHAD)