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Research by TA
Sell - TP RM1.15

"Steady Gains Amid Stormy Skies"

We maintain our Sell recommendation on the stock, with a revised SOP-derived target price of RM1.15, after incorporating a 3% ESG discount based on our 2-star rating. Additionally, we are ceasing coverage on CMSB due to reallocation of our resources and concerns over its corporate governance practices.

Analyst:
Raymond Ng Ing Yeow 
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$KLSE-CMSB
Research by TA
Sell - TP RM1.15

"Steady Gains Amid Stormy Skies"

We maintain our Sell recommendation on the stock, with a revised SOP-derived target price of RM1.15, after incorporating a 3% ESG discount based on our 2-star rating. Additionally, we are ceasing coverage on CMSB due to reallocation of our resources and concerns over its corporate governance practices.

Analyst:
Raymond Ng Ing Yeow 
raymondng@ta.com.my