External broker reports(aggregated public sources), Kenanga Investment Bank Bhd

Kenanga Investment Bank Bhd

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. 

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External broker reports(aggregated public sources)

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Kumpulan Perangsang Selangor / Equity Bottom-Up

<ul><li>KPS is divesting a 50% stake in bedding product maker Kaiserkorp Corporation Sdn Bhd (Kaiserkorp) for RM265.5m cash, resulting in gains of RM117.4m or 21.8 sen/share.</li><li>Unless KPS reinvests the cash proceeds in businesses with high returns, the exercise will be earnings dilutive.</li><li>We cut our FY24F earnings forecast by 21%, reduce our TP by 12% to RM0.45 (from RM0.51) and maintain our UNDERPERFORM call.</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>

KPS is divesting a 50% stake in bedding product maker Kaiserkorp Corporation Sdn Bhd (Kaiserkorp) for RM265.5m cash, resulting in gains of RM117.4m or 21.8 sen/share.Unless KPS reinvests the cash proceeds in businesses with high returns, the exercise will be earnings dilutive.We cut our FY24F earnings forecast by 21%, reduce our TP by 12% to RM0.45 (from RM0.51) and maintain our UNDERPERFORM call.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.

Kumpulan Perangsang Selangor - Selling 50% in Kaiserkorp for RM265m