External broker reports(aggregated public sources), TA Securities Holdings Berhad

TA Securities Holdings Bhd

External broker reports(aggregated public sources)

TA Securities Holdings Berhad

TA Securities Holdings Berhad (TASH) was incorporated in Malaysia on 1 July 1973 and is a wholly-owned subsidiary of TA Enterprise Berhad which is listed on the Main Market of Bursa Malaysia Securities Berhad (BMSB). Currently, the company has an issued and paid-up share capital of RM250 million. 

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Equity Bottom-Up

<ul><li>RANHILL has secured a RM283.9mn NRW reduction contract in Johor in a related party transaction. </li><li>This is the 7th consecutive NRW project in Johor that the group has secured since 2011. </li><li>We view the contract win positively as this would improve the margin of Ranhill SAJ compared with outsourcing it to an external party.</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.

RANHILL has secured a RM283.9mn NRW reduction contract in Johor in a related party transaction. This is the 7th consecutive NRW project in Johor that the group has secured since 2011. We view the contract win positively as this would improve the margin of Ranhill SAJ compared with outsourcing it to an external party.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.

Ranhill Utilities: 7th Consecutive NRW Project in Johor

<ul><li>Ranhill Utilities Berhad’s (RANHILL) 9MFY23 core profit of RM29.9mn (+36.1% YoY) came in below expectations, accounting for 65% of our and 64% of consensus full-year forecasts.</li><li>The missed earnings were mainly attributed to higher-than-expected maintenance costs for Ranhill SAJ and Ranhill Sabah Energy II (RSEII) power plants.</li><li>YoY: 3QFY23 revenue surged 40.4% YoY, underpinned by higher water revenue for Ranhill SAJ in Johor from non-domestic water tariff hike, higher contribution from the Engineering Services segment arising from chargeable hours of newly secured projects and higher energy payment for Ranhill Sabah Energy I (RSEI) power plant. </li></ul>YoY: 3QFY23 revenue surged 40.4% YoY, underpinned by higher water revenue for Ranhill SAJ in Johor from non-domestic water tariff hike, higher contribution from the Engineering Services segment arising from chargeable hours of newly secured projects and higher energy payment for Ranhill Sabah Energy I (RSEI) power plant.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.

Ranhill Utilities Berhad’s (RANHILL) 9MFY23 core profit of RM29.9mn (+36.1% YoY) came in below expectations, accounting for 65% of our and 64% of consensus full-year forecasts.The missed earnings were mainly attributed to higher-than-expected maintenance costs for Ranhill SAJ and Ranhill Sabah Energy II (RSEII) power plants.YoY: 3QFY23 revenue surged 40.4% YoY, underpinned by higher water revenue for Ranhill SAJ in Johor from non-domestic water tariff hike, higher contribution from the Engineering Services segment arising from chargeable hours of newly secured projects and higher energy payment for Ranhill Sabah Energy I (RSEI) power plant. YoY: 3QFY23 revenue surged 40.4% YoY, underpinned by higher water revenue for Ranhill SAJ in Johor from non-domestic water tariff hike, higher contribution from the Engineering Services segment arising from chargeable hours of newly secured projects and higher energy payment for Ranhill Sabah Energy I (RSEI) power plant.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.

Ranhill Utilities Berhad - Earnings Miss Due to Higher Costs

Malaysia

Ranhill Utilities Berhad operates a water utility network. The Company offers water supply, non-revenue, waste water treatment, and clean energy services. Ranhill Utilities serves customers in Malaysia.

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Ranhill Utilities (RAHH MK)

Ranhill Utilities: 7th Consecutive NRW Project in Johor

We are not surprised by the contract win as RT has been providing NRW reduction services for Ranhill SAJ since 2011. Maintain Hold with an...

TA Securities Holdings Bhd

Ranhill Utilities Berhad - Earnings Miss Due to Higher Costs

Ranhill Utilities Berhad’s (RANHILL) 9MFY23 core profit of RM29.9mn (+36.1% YoY) came in below expectations, accounting for 65% of our and 64% of...

TA Securities Holdings Bhd

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