Equity Analysis /

MY : Cypark Resources Bhd - Work progress to normalise in 2H22F

    Siew Teng Ngo
    Siew Teng Ngo

    Research Analyst

    31 March 2022
    Published byCGS-CIMB

    1QFY10/22 core net profit came in line, declining 1% yoy on higher administrative cost which offset the higher profit at RE division. We expect its WTE and LSS2/3 plants to achieve COD by FY22F. Our TP is revised to RM0.85 with a Hold call.