External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

External broker reports(aggregated public sources)

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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Equity Bottom-Up

<ul>
<li>Cypark Resources (Cypark) reported a headline net loss of of RM264.8m for 18MFY23 due to a kitchen sinking exercise which saw impairment losses amounting to RM376.5m for the current quarter (6QFY23).</li>
<li>The impairment loss is mainly from i) provision of potential liability arising from liquidated ascertain damages (LAD) due to delays in existing projects, ii) impairment of intangible assets, contract assets and receivables, and iii) extended cost pertaining to project completion.</li>
<li>Stripping out the impairments, Cypark recorded a net profit of RM74.2m for 6QFY23 versus RM3.0m in 5QFY23, lifted by a one-off deferred tax asset reversal amounting to RM83.5m. </li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Cypark Resources (Cypark) reported a headline net loss of of RM264.8m for 18MFY23 due to a kitchen sinking exercise which saw impairment losses amounting to RM376.5m for the current quarter (6QFY23).
The impairment loss is mainly from i) provision of potential liability arising from liquidated ascertain damages (LAD) due to delays in existing projects, ii) impairment of intangible assets, contract assets and receivables, and iii) extended cost pertaining to project completion.
Stripping out the impairments, Cypark recorded a net profit of RM74.2m for 6QFY23 versus RM3.0m in 5QFY23, lifted by a one-off deferred tax asset reversal amounting to RM83.5m. 

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cypark Resources Berhad - Kitchen-Sinking

Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption contributed 4.1 percentage point (ppt) to GDP largely driven by private consumption while fixed capital formation contributed 1.7 ppt. Change in inventories and net exports detracted 1.2 ppt and 0.7 ppt respectively from GDP. Net exports detracted from overall GDP as imports grew at a faster pace than exports.On the supply side, growth continued to be driven…

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption contributed 4.1 percentage point (ppt) to GDP largely driven by private consumption while fixed capital formation contributed 1.7 ppt. Change in inventories and net exports detracted 1.2 ppt and 0.7 ppt respectively from GDP. Net exports detracted from overall GDP as imports grew at a faster pace than exports.On the supply side, growth continued to be driven…

Malaysia: Manufacturing and Services Drive GDP

Malaysia

Cypark Resources Bhd offers environmental remediation and landscaping services. The Company assesses and remediates neglected, degraded and contaminated land, maintains recreational fields and children's playgrounds, and offers commercial landscaping services.

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Cypark Resources (CYP MK)

Cypark Resources Berhad - Kitchen-Sinking

Stripping out the impairments, Cypark recorded a net profit of RM74.2m for 6QFY23 versus RM3.0m in 5QFY23, lifted by a one-off deferred tax asset...

Public Investment Bank Bhd

Malaysia: Manufacturing and Services Drive GDP

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption...

Rajan Govil

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