External broker reports(aggregated public sources), Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad operates as an investment banking company. The Company provides debt and equity funding, private debt securities issuance, merger and acquisitions, initial public offerings, corporate restructuring, and stockbroking services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Dksh Holdings Malaysia / Equity Bottom-Up

<ul><li>DKSH’s 2QFY23 core net profit of RM29.1m (-29.1% QoQ, -15.6% YoY) brought 1HFY23 core net profit to RM70.2m (+12.3% YoY).</li><li>Although the results accounted for 60% of ours and 65% of consensus projections, we still deem the performance within expectations as we expect weaker 2H considering that most of the major festive seasons like Chinese New Year and Hari Raya occurred in 1H.</li><li>The weaker performance YoY was mainly due to timing disparity of festive sales, as Hari Raya occurred earlier in 2023 and part of the boost in sales were already reflected in 1Q23. </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>

DKSH’s 2QFY23 core net profit of RM29.1m (-29.1% QoQ, -15.6% YoY) brought 1HFY23 core net profit to RM70.2m (+12.3% YoY).Although the results accounted for 60% of ours and 65% of consensus projections, we still deem the performance within expectations as we expect weaker 2H considering that most of the major festive seasons like Chinese New Year and Hari Raya occurred in 1H.The weaker performance YoY was mainly due to timing disparity of festive sales, as Hari Raya occurred earlier in 2023 and part of the boost in sales were already reflected in 1Q23. 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.

DKSH Holdings (Malaysia) - Affected by Timing