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>After excluding exceptional items including gain on disposal of vessels (RM127.3mn), loss on disposal of joint venture (JV) company (RM155.3mn) and provision for delay penalty in achieving critical construction milestone in JV company (RM92.4mn), Coastal Contracts Berhad’s (COASTAL) FY23 core profit of RM310.4mn (+114.0% YoY) came in within expectations.</li><li>YoY/QoQ: The group registered LBT of RM36.2mn in 4QFY23 compared with PBT of RM115.6mn and RM158.8mn in 4QFY22 and 3QFY23 respectively due to loss on disposal of JV (where accrued JV profit is transferred back to JV partner Nuvoil) and provision in delay penalty mentioned above leading to unexpected share of loss in JV of RM66.6mn.</li><li>This is despite the group more than tripling its PBT for Vessel Chartering division YoY.</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>

After excluding exceptional items including gain on disposal of vessels (RM127.3mn), loss on disposal of joint venture (JV) company (RM155.3mn) and provision for delay penalty in achieving critical construction milestone in JV company (RM92.4mn), Coastal Contracts Berhad’s (COASTAL) FY23 core profit of RM310.4mn (+114.0% YoY) came in within expectations.YoY/QoQ: The group registered LBT of RM36.2mn in 4QFY23 compared with PBT of RM115.6mn and RM158.8mn in 4QFY22 and 3QFY23 respectively due to loss on disposal of JV (where accrued JV profit is transferred back to JV partner Nuvoil) and provision in delay penalty mentioned above leading to unexpected share of loss in JV of RM66.6mn.This is despite the group more than tripling its PBT for Vessel Chartering division YoY.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 Bhd - Unexpected Loss in JV Due to Provision for Delay Penalty