$MATRIX / 5236 (MATRIX CONCEPTS HOLDINGS BERHAD)
Research by MIDF
Buy - TP RM2.22

"Robust New Sales"

• 1QFY25 earnings within expectations
• Lower earnings due to high base in 1QFY24
• Robust new sales
• Earnings forecast maintained
• Maintain BUY with an unchanged TP of RM2.22

Analyst:
Jessica Low Jze Tieng
jessica.low@midf.com.my