's recent earnings results surprised to the upside on stronger-than-expected contribution from its business operations, say analysts.
According to RHB Research, the result was 105% of its full-year forecast and 103% of that of consensus. "Contribution from Covid-19 related revenue is likely to stick for 1Q22F, given the recent spike in cases – although this is expected to taper off in the latter part of FY22," said the research firm.
Meanwhile, TA Securities Research said the group's core net profit beat its expectation at 110.7% of its full-year estimate.
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