[%gECF%]
Research by TA
Buy – TP RM0.58

“Dragged by Weak Demand for Automated Test Equipment"

After revising the earnings forecasts, we reduced the target price from RM0.62 to RM0.58, based on 26x CY25 earnings. Maintain a Buy call on the stock.

Analyst:
Chan Mun Chun 
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$KLSE-ELSOFT
Research by TA
Buy – TP RM0.58

“Dragged by Weak Demand for Automated Test Equipment"

After revising the earnings forecasts, we reduced the target price from RM0.62 to RM0.58, based on 26x CY25 earnings. Maintain a Buy call on the stock.

Analyst:
Chan Mun Chun 
mcchan@ta.com.my