Equity Analysis /
Malaysia

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

    Siew Teng Ngo
    Siew Teng Ngo

    Research Analyst

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    CGS-CIMB
    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.