[New post] CIMB: Awanbiru Technology Bhd – HOLD TP RM0.50

alanyeo posted: " Cloud strategy transformation on track ■ AwanTec's 9MFY66 results were broadly in line with our expectations.■ We project softer sales and net profit delivery in 4QFY6/22F given that thebulk of its Pernec contract award had been recognised in 1HFY6/22" Alpha Edge Investing CIMB: Awanbiru Technology Bhd – HOLD TP RM0.50 alanyeo May 31 Cloud strategy transformation on track ■ AwanTec's 9MFY66 results were broadly in line with our expectations.■ We project softer sales and net profit delivery in 4QFY6/22F given that thebulk of its Pernec contract award had been recognised in 1HFY6/22.■ Reiterate Hold with a lower RM0.50 TP, based on a lower 2.0x CY23F P/BV. Sequentially lower […] Read more of this post Comment Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/05/31/cimb-awanbiru-technology-bhd-hold-tp-rm0-50/ Powered by WordPress.com