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

Kenanga Investment Bank Bhd

External broker reports(aggregated public sources)

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. 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

Kerjaya Prospek Group Bhd / Equity Bottom-Up

<ul><li>KERJAYA’s 1HFY23 results met expectations. 1HFY23 net profit grew 5% YoY on improved construction work progress.</li><li>We see stronger earnings momentum from 2HFY23 onwards as construction billings accelerate further coupled with new property launches.</li><li>We maintain our forecasts but lift our TP by 2% to RM1.53 (from RM1.50). Maintain OUTPERFORM. </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>

KERJAYA’s 1HFY23 results met expectations. 1HFY23 net profit grew 5% YoY on improved construction work progress.We see stronger earnings momentum from 2HFY23 onwards as construction billings accelerate further coupled with new property launches.We maintain our forecasts but lift our TP by 2% to RM1.53 (from RM1.50). Maintain OUTPERFORM. 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.

Kerjaya Prospek Group - Building Earnings Momentum

Malaysia

Kerjaya Prospek Group Bhd manufactures aluminum lighting louvers and  advertising point of sale and related products.  The Company also manufactures high-pressure die casted alloy products, aluminum lighting louvers and disposable safety medical devices. Kerjaya Prospek Group also manufactures, assembles, supplies and sells light fittings and related products.

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