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.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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>
<p><em>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.</em></p>


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

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)