[%PtYH%] 
Research by RHB
Buy – TP RM 3.40

"Good Operational Momentum; Reiterate BUY”

Reiterate BUY with unchanged MYR3.40 SOP TP (38% upside), c.4% yield. Results were in line with our estimates, albeit a consensus beat, with solid interest rate environment and stronger MYR, which aids in balance sheet repair. Our TP includes a 2% ESG premium with near-term and long-term emission targets validated on a revised 2022 baseline

Analyst:
Jeffrey Tan
[%fofE%]

$KLSE-AXIATA 
Research by RHB
Buy – TP RM 3.40

"Good Operational Momentum; Reiterate BUY”

Reiterate BUY with unchanged MYR3.40 SOP TP (38% upside), c.4% yield. Results were in line with our estimates, albeit a consensus beat, with solid interest rate environment and stronger MYR, which aids in balance sheet repair. Our TP includes a 2% ESG premium with near-term and long-term emission targets validated on a revised 2022 baseline

Analyst:
Jeffrey Tan
jeffrey.tan@rhbgroup.com