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)

Equity Bottom-Up

<p>Digi’s 9MFY21 core net profit of RM852mn (-3.0% YoY) came within ours and consensus estimates at 74.6% and 73.4%, respectively. Digi declared a 3rd interim dividend of 4.0sen (3QFY20: 4.1sen). [...] 3QFY21’s service revenue and EBITDA improved further for the 2nd consecutive quarter by 0.2% QoQ and 5.7% QoQ to RM1,343mn and RM786mn. [...] Alongside the gradual return of the operating and retail environment to normalcy, management’s latest guidance for FY21 is for service revenue to decline by low-single digit % (unchanged) and EBITDA to decline by a low-to-mid single digit (from mid-single digit). [...] Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium.</p><div class="content-highlight"><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></div>

Digi’s 9MFY21 core net profit of RM852mn (-3.0% YoY) came within ours and consensus estimates at 74.6% and 73.4%, respectively. Digi declared a 3rd interim dividend of 4.0sen (3QFY20: 4.1sen). [...] 3QFY21’s service revenue and EBITDA improved further for the 2nd consecutive quarter by 0.2% QoQ and 5.7% QoQ to RM1,343mn and RM786mn. [...] Alongside the gradual return of the operating and retail environment to normalcy, management’s latest guidance for FY21 is for service revenue to decline by low-single digit % (unchanged) and EBITDA to decline by a low-to-mid single digit (from mid-single digit). [...] Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium.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.

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