Tasco roaring revenue and profit earned our call from hold to buy

Revenue increased close to 30% and profit almost double. With EPS almost 10 cents per quarter. A consistent result will bring Tasco fair value to almost RM 6.00 with 15 times PE. We re-rate our our hold to buy call with a review target of RM 4.00. But we do not suggest a strong buy instead a gradual reward buying style. We will mildly add some into our portfolio. If result consistent we will add more quarter by quarter basis.