Frontken Misses Results But Plenty Of Silver Lining
Frontken’s earnings delivery rebounded strongly in 3Q24 with marked sequential improvements across key markets. Despite lowering FY24E earnings by 8% (FY25E/26E maintained), Maybank IB said it raises its TP to MYR4.95 (+18%). Results miss, but plenty of silver liningsEx-one offs (-MYR0.7m), FRCB’s registered 3Q24 core net profit (CNP) of MYR36.0m (+37% YoY, +11% QoQ). Cumulatively, […]