$AEON / 6599 (AEON CO. (M) BHD)
Research by MIDF
Buy - TP RM1.67

"Promising Outlook"

• Within expectations
• Muted 2QFY24 sales amid only Raya festive promotion and traffic
• Earnings forecast; Maintained
• Maintain BUY call with a higher TP of RM1.67 (from RM1.60)

Analyst:
MIDF Research Team
research@midf.com.my