$MBMR / 5983 (MBM RESOURCES BHD)
Research by TA
SELL– TP RM4.70

"Earnings Driven by Associates”

Maintain SELL on MBMR with an unchanged TP of RM4.70/share, based on CY25 PER of 7x.

Analyst:
Angeline Chin
angelinechin@ta.com.my