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

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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External broker reports(aggregated public sources)

Equity Bottom-Up

Astro Malaysia Holdings / Equity Bottom-Up

<ul><li>Astro Malaysia (Astro) reported a headline net profit of RM15.9m in 1QFY24, down from RM100m in the previous year’s corresponding quarter.</li><li>Stripping out the impact of unrealized foreign exchange (FX) losses, normalised net profit came in at RM62m, dropping by 47.9% YoY on the back of lower revenue for all segments as well as higher finance cost.</li><li>The results were below expectations, accounting for 17% and 16% of our and consensus estimates respectively. </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>

Astro Malaysia (Astro) reported a headline net profit of RM15.9m in 1QFY24, down from RM100m in the previous year’s corresponding quarter.Stripping out the impact of unrealized foreign exchange (FX) losses, normalised net profit came in at RM62m, dropping by 47.9% YoY on the back of lower revenue for all segments as well as higher finance cost.The results were below expectations, accounting for 17% and 16% of our and consensus estimates 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.

Astro Malaysia Holdings Berhad  - Hit By Lower Revenue And Higher Finance Cost