$CHINWEL / 5007 (CHIN WELL HOLDINGS BERHAD)
Research by TA
SELL – TP RM0.69

"Demand Remains Subdued”

Following the revised earnings forecasts, we reduce our target price from RM0.74 to RM0.69, based on an unchanged target PER of 9x CY25 earnings. Maintain Sell on the stock.

Analyst:
Raymond Ng Ing Yeow
raymondng@ta.com.my