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

Kenanga Investment Bank Bhd

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.

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>BIPORT’s 9MFY23 results met expectations. Its 3QFY23 core net profit jumped 37% QoQ on a pick-up in cargo volumes.</li><li>The slowdown in China will have a direct bearing on both its LNG and non-LNG cargo throughput.</li><li>We maintain our forecasts, TP of RM5.55 but downgrade our call to MARKET PERFORM from OUTPERFORM as the upside to its share price has been exhausted.</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>

BIPORT’s 9MFY23 results met expectations. Its 3QFY23 core net profit jumped 37% QoQ on a pick-up in cargo volumes.The slowdown in China will have a direct bearing on both its LNG and non-LNG cargo throughput.We maintain our forecasts, TP of RM5.55 but downgrade our call to MARKET PERFORM from OUTPERFORM as the upside to its share price has been exhausted.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.

Bintulu Port Holdings - Sign of Recovery, but Priced In - 27 November 2023