Broker Revenue Forecasts For Jaya Tiasa Holdings Berhad (KLSE:JTIASA) Are Surging Higher
Jaya Tiasa Holdings Berhad (KLSE:JTIASA) shareholders have a reason to rejoice as covering analysts have significantly upgraded this year’s revenue forecasts. The forecast for revenue this year has received a major boost, with the analyst expressing a much more optimistic view on the company’s sales pipeline. According to the most recent consensus, Jaya Tiasa Holdings Berhad is expected to generate revenues of RM1.1b in 2024, reflecting a solid 16% increase from the sales figures of the previous 12 months. However, the statutory earnings per share are anticipated to decrease by 3.4% to RM0.18 in the same period.
The analyst has raised the price target by 35% to RM1.35, indicating that the increased revenues serve as a positive indicator for Jaya Tiasa Holdings Berhad’s valuation. The company’s growth rate is expected to accelerate significantly, with a forecasted 36% annualized revenue growth until the end of 2024, surpassing its historical growth rate of 7.3% per annum over the past five years. In comparison, other companies in a similar industry are projected to achieve a revenue growth rate of 9.8% per year.
In conclusion, while there have been no major changes in the business’s prospects recently, the analyst’s decision to hold earnings per share steady and upgrade revenue estimates for the current year indicates a positive outlook for Jaya Tiasa Holdings Berhad. With the anticipation of faster sales growth than the broader market and an increased price target, it might be an opportune moment to reevaluate the potential of investing in Jaya Tiasa Holdings Berhad.
If you have any feedback or concerns regarding this article, feel free to reach out to us directly at editorial-team (at) simplywallst.com. Please note that this article by Simply Wall St is based on historical data and analyst forecasts, and it is not intended as financial advice. As always, we encourage readers to conduct their own research and analysis before making investment decisions.
