$POHUAT / 7088 (POH HUAT RESOURCES HOLDINGS BERHAD)
Research by TA
HOLD – TP RM1.40

" Dragged by the Sluggish US Demand”

 Excluding a foreign exchange loss of RM1.6mn, POHUAT’s 9MFY24 core profit of RM22.1mn came in below expectations, accounting for 54.6% and 59.1% of ours and consensus full-year estimates. The variance was mainly due to lower-than-expected sales from Vietnam's operations.

Analyst:
Chan Mun Chun
mcchan@ta.com.my