Equity Analysis /
Malaysia

MY : ATA IMS Bhd - Distressed times ahead

    CGS-CIMB
    30 November 2021
    Published byCGS-CIMB

    We remain negative on ATA’s prospects post its investor update as we think the group will continue to post losses going into FY23-24F. We retain our Reduce call on ATA given its bleak and uncertain prospects and will turn more positive after clearer signs of an earnings turnaround.