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>The Group reported a headline net profit of RM26.8m (-47.8% YoY, -11.8% QoQ) for 3QFY23, the weaker YoY numbers due in part to higher material and operating costs, and notably higher finance costs as a result of its sukuk drawdown.</li><li>Cumulative 9MFY23 core net profit of RM142.1m (+19.6% YoY), which excludes RM26.4m in foreign exchange losses and RM2.1m in asset disposal gains, is slightly behind at 69% and 70% of our and consensus full-year estimates respectively.</li><li>Consumption spending has remained relatively steady, albeit marginally weaker, despite global monetary tightening.</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.

The Group reported a headline net profit of RM26.8m (-47.8% YoY, -11.8% QoQ) for 3QFY23, the weaker YoY numbers due in part to higher material and operating costs, and notably higher finance costs as a result of its sukuk drawdown.Cumulative 9MFY23 core net profit of RM142.1m (+19.6% YoY), which excludes RM26.4m in foreign exchange losses and RM2.1m in asset disposal gains, is slightly behind at 69% and 70% of our and consensus full-year estimates respectively.Consumption spending has remained relatively steady, albeit marginally weaker, despite global monetary tightening.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>The Group reported a headline net profit of RM26.8m (-47.8% YoY, -11.8% QoQ) for 3QFY23, the weaker YoY numbers due in part to higher material and operating costs, and notably higher finance costs as a result of its sukuk drawdown.</li><li>Cumulative 9MFY23 core net profit of RM142.1m (+19.6% YoY), which excludes RM26.4m in foreign exchange losses and RM2.1m in asset disposal gains, is slightly behind at 69% and 70% of our and consensus full-year estimates respectively.</li><li>Consumption spending has remained relatively steady, albeit marginally weaker, despite global monetary tightening. </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.

The Group reported a headline net profit of RM26.8m (-47.8% YoY, -11.8% QoQ) for 3QFY23, the weaker YoY numbers due in part to higher material and operating costs, and notably higher finance costs as a result of its sukuk drawdown.Cumulative 9MFY23 core net profit of RM142.1m (+19.6% YoY), which excludes RM26.4m in foreign exchange losses and RM2.1m in asset disposal gains, is slightly behind at 69% and 70% of our and consensus full-year estimates respectively.Consumption spending has remained relatively steady, albeit marginally weaker, despite global monetary tightening. 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.

External broker reports(aggregated public sources), Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad operates as an investment banking company. The Company provides debt and equity funding, private debt securities issuance, merger and acquisitions, initial public offerings, corporate restructuring, and stockbroking 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.

<ul><li>VSI registered 9MFY23’s sum to RM142.1m (+20% YoY) which fell behind our/consensus expectations at 67%/70%.</li><li>Despite the better top line registered YoY, bottom line shrank on the back of (i) drop in EBITDA margin by 3.5ppt from higher electricity, labour and financing cost; and (ii) higher effective tax rate.</li><li>As guided previously, management expects Customer X, US customer, coffee brewer and pool cleaning customer to chart softer numbers on the back of recessionary fears. </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.

VSI registered 9MFY23’s sum to RM142.1m (+20% YoY) which fell behind our/consensus expectations at 67%/70%.Despite the better top line registered YoY, bottom line shrank on the back of (i) drop in EBITDA margin by 3.5ppt from higher electricity, labour and financing cost; and (ii) higher effective tax rate.As guided previously, management expects Customer X, US customer, coffee brewer and pool cleaning customer to chart softer numbers on the back of recessionary fears. 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.

Malaysia

V.S. Industry Berhad and its subsidiaries manufacture, assemble, and sell plastic molded parts and electronics parts and components such as speakers and remote controls. The Company also markets, distributes, and sells plastic household products. V.S. also operates a palm oil plantation.

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V.S. Industry (VSI MK)

VS Industry Berhad - Cost Pressures

The Group reported a headline net profit of RM26.8m (-47.8% YoY, -11.8% QoQ) for 3QFY23, the weaker YoY numbers due in part to higher material and...

Public Investment Bank Bhd