2025Q1 profit of Rm25m was attributed to enhanced operational efficiency, particularly in the air freight and courier and logistics segments.
An undemanding forward PE of 12x is derived based on the current market cap of Rm1224m and assuming Rm25m quarterly profit is sustainable over the next 2-3 quarters.
Given the new prospect, should the PE be set at 20x, the target price would be 85 sen.