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

<ul><li>PIE’s 1HFY23 results disappointed on reduced orders for highmargin consignment-based products, coupled with higher utilities and staff costs.</li><li>It continues to engage with prospective customers in the server, medical device, and consumer product space.</li><li>We cut our FY23−24F net profit forecasts by 21% each, reduce our TP by 11% to RM3.61 (from RM4.05) but maintain our OUTPERFORM call.</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.

PIE’s 1HFY23 results disappointed on reduced orders for highmargin consignment-based products, coupled with higher utilities and staff costs.It continues to engage with prospective customers in the server, medical device, and consumer product space.We cut our FY23−24F net profit forecasts by 21% each, reduce our TP by 11% to RM3.61 (from RM4.05) but maintain our OUTPERFORM call.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.

<ul><li>PIE has concluded negotiations with four prospective customers and their potential orders are now proceeding to the qualification and sampling stages, with mass production expected in FY24.</li><li>It is revamping its Thai operations to ride on the EV ramp-up by Foxconn in 2024.</li><li>We maintain our forecasts, TP of RM3.61 and OUTPERFORM call.</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.

PIE has concluded negotiations with four prospective customers and their potential orders are now proceeding to the qualification and sampling stages, with mass production expected in FY24.It is revamping its Thai operations to ride on the EV ramp-up by Foxconn in 2024.We maintain our forecasts, TP of RM3.61 and OUTPERFORM call.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.

P.I.E. Industrial -  Growth Plans Beyond Current Lull Intact

Malaysia

P.I.E. Industrial Berhad is an investment holding company which provides management services. Through its subsidiaries, the Company has operation in contract manufacturing services, manufactures raw wires and cables, and trades personal computer peripheral products.

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

Pie Industrial (PIE MK)

P.I.E. Industrial - Down But Not Out

PIE’s 1HFY23 results disappointed on reduced orders for highmargin consignment-based products, coupled with higher utilities and staff costs.

Kenanga Investment Bank Bhd

P.I.E. Industrial - Growth Plans Beyond Current Lull Intact

PIE has concluded negotiations with four prospective customers and their potential orders are now proceeding to the qualification and sampling...

Kenanga Investment Bank Bhd

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)