$AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD)
Research by TA
Sell – TP RM7.30

" Headwinds Persist in 2HFY24”

Amway’s 1HFY24 core net profit increased by 27.8% YoY to RM55.3mn, accounting for 56% and 53% of ours and consensus’ full-year forecasts. We deem the results to be within expectations as we anticipate weaker results in the 2H of the year.

Analyst:
Liew Yi Jiet
yjliew@ta.com.my