After revising the earnings forecasts, we revised the target price from RM0.69 to RM0.53, Based on a PE Multiple of 22.0x CY25F EPS. Maintain a Buy call on the stock. Overall, we like CORAZA for its medium-to-longterm earnings growth prospects backed by its expansion plans and exposure to High-growth Industries, Including semiconductor, Instrumentation, and Medical and Life Science.
Source: TA Research - 23 Aug 2024