The group ended its six-quarter losing streak with a RM300,000 profit in Q4 FY2023.
Kenanga Research has revised KESM Industries Bhd’s target price to RM7.06, up from RM6.91 previously.
In a note today, it has retained its “market perform” call on KESM, with a revised target price of RM7.06, up from the previous RM6.91. The research house has revised KESM’s FY2024 net profit projection to RM2.7 million, up four times from the previous RM530,000. “However, we remain cautious given prevailing uncertainties within the semiconductor industry,” it added.
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