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)

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. 

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>Coastal Contracts Berhad’s (COASTAL) 15MFY23 core profit of RM381.9mn accounted for 122% of ours and 128% of consensus’ full-year forecasts.</li><li>We deem the result to be within expectations as COASTAL has recently changed the financial year end to December (from June previously).</li><li>QoQ: The group registered PBT of RM87.9mn in 5QFY23 compared with LBT of RM36.2mn in 4QFY23. The LBT in 4QFY23 was due to loss on disposal of JV (where accrued JV profit is transferred back to JV partner Nuvoil) and provision in delay penalty in achieving critical construction milestone in JV company amounting to RM92.4mn.</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>

Coastal Contracts Berhad’s (COASTAL) 15MFY23 core profit of RM381.9mn accounted for 122% of ours and 128% of consensus’ full-year forecasts.We deem the result to be within expectations as COASTAL has recently changed the financial year end to December (from June previously).QoQ: The group registered PBT of RM87.9mn in 5QFY23 compared with LBT of RM36.2mn in 4QFY23. The LBT in 4QFY23 was due to loss on disposal of JV (where accrued JV profit is transferred back to JV partner Nuvoil) and provision in delay penalty in achieving critical construction milestone in JV company amounting to RM92.4mn.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.

Coastal Contracts Berhad - Results Came Within Expectations