$ALAQAR / 5116 (AL-`AQAR HEALTHCARE REIT)
Research by MIDF
Neutral - TP RM1.29

"Earnings Dragged by Higher Expenses"

• 1HFY24 earnings slightly below expectation
• Higher expenses in 2QFY24
• Earnings forecast revised downwards
• Maintain NEUTRAL with a revised TP of RM1.29

Analyst:
Jessica Low Jze Tieng
jessica.low@midf.com.my