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

<ul><li>Evergreen recorded 2Q23 core net profit of RM2.9m (1Q23: -RM20.6; YoY: - 82.1%), which brought 1H23’s sum to -RM17.7m (1H22: RM32.8m).</li><li>This came in below our full year net loss forecast of -RM4.9m. The negative deviation was due to lower sales volume recovery from the Malaysian segment.</li><li>Despite the group recording an improvement from the previous quarter, it is unclear if they are able to sustain this recovery in subsequent quarters as uncertainties remain in the US and EU regions, clouding visibility on furniture demand recovery from both regions and thus, its Malaysian segment’s performance. </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>

Evergreen recorded 2Q23 core net profit of RM2.9m (1Q23: -RM20.6; YoY: - 82.1%), which brought 1H23’s sum to -RM17.7m (1H22: RM32.8m).This came in below our full year net loss forecast of -RM4.9m. The negative deviation was due to lower sales volume recovery from the Malaysian segment.Despite the group recording an improvement from the previous quarter, it is unclear if they are able to sustain this recovery in subsequent quarters as uncertainties remain in the US and EU regions, clouding visibility on furniture demand recovery from both regions and thus, its Malaysian segment’s performance. 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.

Evergreen Fibreboard - Turnaround but Uncertainties Remain