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. 

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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>We believe the emergence of Tan Sri Tong Kooi Ong as a substantial shareholder in STAR will contribute significantly to the following catalysts: (i) enhanced corporate governance and best practices, and (ii) deployment of STAR’s sizeable war chest for accretive M&amp;As, divestitures or ventures.</li><li>Given improved asset monetization prospects, we upgrade our TP to RM0.555 (from RM0.315) and upgrade our call to OUTPERFORM (from UNDERPERFORM).</li><li>Finally a saviour is here? To recap, the founder and owner of The Edge Communications Sdn Bhd (TECSB), Tan Sri Tong Kooi Ong, emerged as a substantial shareholder of STAR in late April.</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>

We believe the emergence of Tan Sri Tong Kooi Ong as a substantial shareholder in STAR will contribute significantly to the following catalysts: (i) enhanced corporate governance and best practices, and (ii) deployment of STAR’s sizeable war chest for accretive M&amp;As, divestitures or ventures.Given improved asset monetization prospects, we upgrade our TP to RM0.555 (from RM0.315) and upgrade our call to OUTPERFORM (from UNDERPERFORM).Finally a saviour is here? To recap, the founder and owner of The Edge Communications Sdn Bhd (TECSB), Tan Sri Tong Kooi Ong, emerged as a substantial shareholder of STAR in late April.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.

Conviction Call - Star Media Group - 11 July 2023