• 1QFY25 core net profit stood at RM31.9mvs core net loss of -RM52.5m recorded in the previous corresponding quarter, driven by higher sales volume and a rise in ASP.
• Expect a gradual improvement in demand as key consumption regions engage in restocking activities.
• Upgrade our recommendation to BUY on HARTA with a lower target price of RM2.92 based on 2.0x to FY26F BV.
Disclaimer
The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.
Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.100 | 0.010 | 155.54M | |
| 0.155 | -0.030 | 87.19M | |
| 0.180 | 0.020 | 62.12M | |
| 0.010 | -0.005 | 58.36M | |
| 0.095 | 0.015 | 51.79M | |
| 1.770 | -0.060 | 45.37M | |
| 0.110 | -0.020 | 40.19M | |
| 0.545 | 0.035 | 37.96M | |
| 0.175 | -0.055 | 37.80M | |
| 0.910 | 0.000 | 37.45M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 31.000 | 0.980 | 113.20K | |
| 23.740 | 0.400 | 107.60K | |
| 9.170 | 0.300 | 7.37M | |
| 1.300 | 0.300 | 226.10K | |
| 4.270 | 0.240 | 4.20K | |
| 28.400 | 0.240 | 113.80K | |
| 14.000 | 0.200 | 10.85M | |
| 5.820 | 0.160 | 1.20K | |
| 5.900 | 0.150 | 533.80K | |
| 18.400 | 0.140 | 108.80K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 21.400 | -0.500 | 556.40K | |
| 97.500 | -0.300 | 70.30K | |
| 0.275 | -0.285 | 25.60K | |
| 0.525 | -0.225 | 40.00K | |
| 3.680 | -0.220 | 248.30K | |
| 1.650 | -0.140 | 765.00K | |
| 4.550 | -0.140 | 111.80K | |
| 2.120 | -0.130 | 786.80K | |
| 1.090 | -0.130 | 9.93M | |
| 4.330 | -0.120 | 11.60K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.449296 | 4.484012 |
| EUR | 4.692599 | 4.701308 |
| CNY | 0.615732 | 0.616932 |
| HKD | 0.571606 | 0.576092 |
| SGD | 3.310067 | 3.336427 |
Last Updated: Friday, November 22, 2024
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