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)

TA Securities Holdings Berhad

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. 

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

<ul><li>Post our meeting with Rexit’s management, we foresee further upside to the group’s transaction-based revenue with recent upgrades to the eCover system facilitating its key end-users (i.e., insurance agents) in processing transactions across a broader range of insurance classes.</li><li>As we pencil in higher transaction-based revenue, we have raised our FY24F to FY26F earnings forecast by +12.3% to +13.0%.</li><li>Corresponding to our earnings upgrade, our TP for Rexit is raised to RM0.93 (previously RM0.825) based on a target PE of 14.0x CY24F EPS, closely in line with the stock’s 5-year mean. </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>

Post our meeting with Rexit’s management, we foresee further upside to the group’s transaction-based revenue with recent upgrades to the eCover system facilitating its key end-users (i.e., insurance agents) in processing transactions across a broader range of insurance classes.As we pencil in higher transaction-based revenue, we have raised our FY24F to FY26F earnings forecast by +12.3% to +13.0%.Corresponding to our earnings upgrade, our TP for Rexit is raised to RM0.93 (previously RM0.825) based on a target PE of 14.0x CY24F EPS, closely in line with the stock’s 5-year mean. 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.

Rexit Berhad - Catalyst from System Upgrades

Rexit Bhd

Rexit Berhad - Catalyst from System Upgrades