Aurelius Technologies Berhad (ATECH) posted RM109m of revenue in its 2QFY24 results which increased 15.2% qoq but declined 2.6% yoy. The better QoQ performance was due to seasonally weaker Q1, but the drop in YoY as attributed to the destocking activities of customers following the challenging economic outlook ahead.
We maintain our call at BUY with a higher target price ofRM 3.22 (from RM 2.90 previously) after assigning a higher PER in view of our positive outlook on the prospects of the Group, primarily attributed to the new developments and margin expansion due to better products portfolio. The target price is
now pegged on PE multiple of 20x (previously 18x) on FY25F EPS of 16.1 sen which in line with the Group’s 2-year mean PER. Our target price is rendering a 21% potential upside from current share price
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.515 | 0.000 | 82.73M | |
| 0.370 | 0.005 | 25.70M | |
| 0.065 | 0.000 | 23.23M | |
| 0.100 | -0.005 | 19.85M | |
| 0.570 | 0.035 | 17.27M | |
| 0.040 | 0.000 | 11.04M | |
| 0.185 | 0.000 | 10.35M | |
| 0.050 | 0.005 | 9.96M | |
| 0.820 | 0.040 | 9.33M | |
| 0.175 | 0.000 | 8.96M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 22.860 | 0.260 | 24.90K | |
| 7.980 | 0.180 | 1.08M | |
| 17.980 | 0.180 | 4.00K | |
| 3.110 | 0.130 | 1.52M | |
| 13.100 | 0.120 | 9.60K | |
| 3.120 | 0.110 | 915.60K | |
| 4.380 | 0.110 | 359.10K | |
| 2.290 | 0.110 | 453.80K | |
| 5.290 | 0.090 | 2.06M | |
| 4.220 | 0.080 | 1.61M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 101.100 | -0.600 | 0.60K | |
| 26.920 | -0.180 | 19.30K | |
| 19.340 | -0.140 | 6.80K | |
| 0.040 | -0.110 | 500.00K | |
| 6.700 | -0.100 | 3.00K | |
| 20.660 | -0.100 | 33.90K | |
| 2.310 | -0.090 | 264.80K | |
| 30.320 | -0.080 | 7.70K | |
| 14.240 | -0.080 | 11.40K | |
| 14.660 | -0.080 | 692.80K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.226942 | 4.260444 |
| EUR | 4.723982 | 4.728876 |
| CNY | 0.598324 | 0.598990 |
| HKD | 0.542537 | 0.546362 |
| SGD | 3.269503 | 3.292710 |
Last Updated: Thursday, September 19, 2024
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