[%PiyI%]
Research by TA
BUY – TP RM7.93

"FY24’s Guidance Intact”
After incorporating a 4-star ESG premium based on our latest internal guidelines, we revised the target price from RM7.70 to RM7.93. We value the stock based on DCF valuation with a WACC of 8.5% and a LT growth rate of 2.0%. Maintain a Buy call on the stock.  

Analyst:
Chan Mun Chun 
[%YvPk%]

$KLSE-TM
Research by TA
BUY – TP RM7.93

"FY24’s Guidance Intact”
After incorporating a 4-star ESG premium based on our latest internal guidelines, we revised the target price from RM7.70 to RM7.93. We value the stock based on DCF valuation with a WACC of 8.5% and a LT growth rate of 2.0%. Maintain a Buy call on the stock.  

Analyst:
Chan Mun Chun 
mcchan@ta.com.my