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Research by RHB
BUY – TP RM1.44

" Poised For An Earnings Upturn; Keep BUY”

We emerged from Texchem Resources’ post-results briefing feeling upbeat on its prospects. We believe the worst is over, and TEX is poised for a sustainable turnaround, driven by a strong recovery in its polymer engineering and industrial divisions. While we conservatively factor in muted contributions from the restaurant and food divisions in our SOP valuation, there is already ample upside to the TP – making it a compelling case

Analyst:
Tai Yu Jie
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Lee Meng Horng
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$KLSE-TEXCHEM 
Research by RHB
BUY – TP RM1.44

" Poised For An Earnings Upturn; Keep BUY”

We emerged from Texchem Resources’ post-results briefing feeling upbeat on its prospects. We believe the worst is over, and TEX is poised for a sustainable turnaround, driven by a strong recovery in its polymer engineering and industrial divisions. While we conservatively factor in muted contributions from the restaurant and food divisions in our SOP valuation, there is already ample upside to the TP – making it a compelling case

Analyst:
Tai Yu Jie
tai.yu.jie@rhbgroup.com
Lee Meng Horng
lee.meng.horng@rhbgroup.com

$TEXCHEM / 8702 (TEXCHEM RESOURCES BERHAD)