Stock Digest - Supercomnet Technologies Bhd - Towards better 2H23

Given that the reported earnings are deemed to be within expectations, we made no changes to our earnings forecast, in anticipation of stronger results in 2HFY23. We maintain BUY on SCOMNET with a higher target price of RM1.90 as we rolled over our valuation metrics to FY24f. Our target price is derived by assigning a target P/E multiple of 38.0x to FY24f diluted EPS of 5.0 sen.

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