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

TA Securities Holdings Bhd

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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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>GAMUDA's FY21 core profit of RM588.3mn exceeded expectations, accounting for 119.6% and 120.2% of our and consensus' full-year estimates, respectively. [...] In FY21, no dividend was declared, compared to 6.0sen/share in FY20. [...] The increased profit contribution from both the construction and property divisions was primarily responsible for the improved earnings performance. [...] Following the better-than-expected results, we raise our earnings forecasts for FY22 and FY23 by 1.6% and 4.8%, respectively, after increasing earnings contribution from the construction and property divisions. [...] RM3.14, based on CY22 earnings with unchanged target PE multiples of 20x, 8x and 12x for construction, property and concessions, respectively.</p><div class="content-highlight"><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></div>

GAMUDA's FY21 core profit of RM588.3mn exceeded expectations, accounting for 119.6% and 120.2% of our and consensus' full-year estimates, respectively. [...] In FY21, no dividend was declared, compared to 6.0sen/share in FY20. [...] The increased profit contribution from both the construction and property divisions was primarily responsible for the improved earnings performance. [...] Following the better-than-expected results, we raise our earnings forecasts for FY22 and FY23 by 1.6% and 4.8%, respectively, after increasing earnings contribution from the construction and property divisions. [...] RM3.14, based on CY22 earnings with unchanged target PE multiples of 20x, 8x and 12x for construction, property and concessions, respectively.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.

Gamuda Bhd

A Strong Recovery in 4QFY21