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

Alliance Bank Malaysia / Equity Bottom-Up

<p>A potential hit to 2QFY22 earnings While we await further information and guidance from management regarding the impact of the proposed interest waiver, the possibility of implementing an interest-free moratorium on loans to all B50 borrowers could have a negative impact on 3QFY22 earnings. [...] In the meeting, we understand that the customers’ financial aid increased again to account for 38% of ABMB’s total loan book, up from 32% in [...] According to management, the launch of Alliance Digital SME in June 2021 resulted in a doubling of new bank customers to 11,350 from 5,123 in 1Q21. [...] Taken together, management is aiming for a ROE of greater than 7.5%, up from 5.9% in FY21.</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>

A potential hit to 2QFY22 earnings While we await further information and guidance from management regarding the impact of the proposed interest waiver, the possibility of implementing an interest-free moratorium on loans to all B50 borrowers could have a negative impact on 3QFY22 earnings. [...] In the meeting, we understand that the customers’ financial aid increased again to account for 38% of ABMB’s total loan book, up from 32% in [...] According to management, the launch of Alliance Digital SME in June 2021 resulted in a doubling of new bank customers to 11,350 from 5,123 in 1Q21. [...] Taken together, management is aiming for a ROE of greater than 7.5%, up from 5.9% in FY21.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.

Alliance Bank Malaysia

Softer 2QFY22 Results Envisaged