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04-Jun-2021 The main target market of SKP’s key customer is of the more affluent homeowners where they tend to follow through on their buying decisions. Hence, this may provide some resiliency to the demand especially the aftermath of Covid-19. Valuation wise, SKP is now trading at 15x PE based on EPS 11.2sen FY3/22F and we have a BUY call. Malaysia Malaysia Research Team
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