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

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<li>Cypark Resources (Cypark) reported a headline net loss of of RM264.8m for 18MFY23 due to a kitchen sinking exercise which saw impairment losses amounting to RM376.5m for the current quarter (6QFY23).</li>
<li>The impairment loss is mainly from i) provision of potential liability arising from liquidated ascertain damages (LAD) due to delays in existing projects, ii) impairment of intangible assets, contract assets and receivables, and iii) extended cost pertaining to project completion.</li>
<li>Stripping out the impairments, Cypark recorded a net profit of RM74.2m for 6QFY23 versus RM3.0m in 5QFY23, lifted by a one-off deferred tax asset reversal amounting to RM83.5m. </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>


Cypark Resources (Cypark) reported a headline net loss of of RM264.8m for 18MFY23 due to a kitchen sinking exercise which saw impairment losses amounting to RM376.5m for the current quarter (6QFY23).
The impairment loss is mainly from i) provision of potential liability arising from liquidated ascertain damages (LAD) due to delays in existing projects, ii) impairment of intangible assets, contract assets and receivables, and iii) extended cost pertaining to project completion.
Stripping out the impairments, Cypark recorded a net profit of RM74.2m for 6QFY23 versus RM3.0m in 5QFY23, lifted by a one-off deferred tax asset reversal amounting to RM83.5m. 

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.

Cypark Resources Berhad - Kitchen-Sinking