$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD)
Research by TA
Buy - TP RM0.53
"Seeing a Second Consecutive QoQ Improvement"
After revising the earnings forecasts, we revised the target price from RM0.69 to RM0.53, based on a PE multiple of 22.0x CY25F EPS. Maintain a Buy call on the stock. Overall, we like CORAZA for its medium-to-long- term earnings growth prospects backed by its expansion plans and exposure to high-growth industries, including semiconductor, instrumentation, and medical and life science.
Analyst:
Chan Mun Chun
mcchan@ta.com.my