Prosperity at risk Profit more than halved in 2QFY22 versus 1QFY22 2QFY3/22 net profit of MYR914m (-60% QoQ, +68% YoY) came in above our estimate. However, 2HFY22 earnings performance will be weaker no thanks to declining ASP and the additional tax charges arising from the newly announced Prosperity Tax. We adjust our pre-Prosperity Tax FY22 […]

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