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>We initiate coverage on DKSH with a HOLD rating and TP of RM5.43.</li><li>Our TP is derived based on a P/E multiple of 6.7x (at +1.5SD of DKSH’s 5-year average) on its FY24f EPS of 81.1 sen.</li><li>We expect flattish performance in FY23f as we are mindful of the higher operational costs. </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 initiate coverage on DKSH with a HOLD rating and TP of RM5.43.Our TP is derived based on a P/E multiple of 6.7x (at +1.5SD of DKSH’s 5-year average) on its FY24f EPS of 81.1 sen.We expect flattish performance in FY23f as we are mindful of the higher operational costs. 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) - More than Just a Distributor