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>SLP reported 9M23 core PAT of RM9.25m (-30.5% YoY), which fell short of expectations, representing only 60% of our/consensus full-year forecasts, respectively.</li><li>This lacklustre performance was primarily attributed to weakened local and export demand, compounded by increased operating costs stemming from higher utility expenses and the implementation of the new Employment (Amendment) Act 2022.</li><li>With this, we cut our earnings projections for FY23F/24F/25F by 11.5%, 14.3%, and 17.2%, respectively. </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>

SLP reported 9M23 core PAT of RM9.25m (-30.5% YoY), which fell short of expectations, representing only 60% of our/consensus full-year forecasts, respectively.This lacklustre performance was primarily attributed to weakened local and export demand, compounded by increased operating costs stemming from higher utility expenses and the implementation of the new Employment (Amendment) Act 2022.With this, we cut our earnings projections for FY23F/24F/25F by 11.5%, 14.3%, and 17.2%, respectively. 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.

SLP Resources

SLP Resources - Another Miss