$SKPRES / 7155 (SKP RESOURCES BHD)
Research by TA
BUY – TP RM1.43
"A Good Start”
No change to our target price of RM1.43, based on unchanged 15x CY25 earnings. Reiterate a Buy call on the stock.
Key downside risks include lower-than-expected utilisation and inability to secure new contract manufacturing jobs.
Analyst:
Chan Mun Chun
mcchan@ta.com.my