[%Xoxr%]
Research by TA
Under Review - TP RM42.30

"Weaker-Than-Expected Recovery"

We put our call Under Review, pending an analyst briefing later, with an unchanged target price of RM42.30/share based on a PE multiple of 32.0x CY25F EPS and a 3% ESG premium.

Analyst:
Chan Mun Chun 
[%WYVc%]

$KLSE-MPI
Research by TA
Under Review - TP RM42.30

"Weaker-Than-Expected Recovery"

We put our call Under Review, pending an analyst briefing later, with an unchanged target price of RM42.30/share based on a PE multiple of 32.0x CY25F EPS and a 3% ESG premium.

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

$MPI / 3867 (MALAYSIAN PACIFIC INDUSTRIES BERHAD)