[%EnPA%]
Research by RHB
Buy - TP RM0.62

"Improving Outlook; Still BUY"

Still BUY, new MYR0.62 TP from MYR0.68, 49% upside. 1H24 results missed expectations on softer-than-expected sales and margins. Although the recovery has been uneven and gradual, we believe the recent share price weakness has priced in the low expectations. We expect a stronger performance in 2H, driven by improving demand for semiconductor equipment, which leverages on Coraza Integrated Technology’s solid customer base and exposure in the front-end semiconductor supply chain.

Analysts:
Tai Yu Jie
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Lee Meng Horng 
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$KLSE-CORAZA
Research by RHB
Buy - TP RM0.62

"Improving Outlook; Still BUY"

Still BUY, new MYR0.62 TP from MYR0.68, 49% upside. 1H24 results missed expectations on softer-than-expected sales and margins. Although the recovery has been uneven and gradual, we believe the recent share price weakness has priced in the low expectations. We expect a stronger performance in 2H, driven by improving demand for semiconductor equipment, which leverages on Coraza Integrated Technology’s solid customer base and exposure in the front-end semiconductor supply chain.

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

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD)