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>SP Setia reported 2Q23 core PATAMI of RM60.5m, which brought 1H23 sum to RM70.1m (+13.9% YoY), making up 34.1% of our and 23.9% of consensus expectations.</li><li>We deem the results to be within expectations as we expect lumpy contribution from its Australia projects in 2H23.</li><li>With OPR hikes likely over, we expect finance cost to stabilize and subsequently come down as the group continues its effort to pare down debt. </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>

SP Setia reported 2Q23 core PATAMI of RM60.5m, which brought 1H23 sum to RM70.1m (+13.9% YoY), making up 34.1% of our and 23.9% of consensus expectations.We deem the results to be within expectations as we expect lumpy contribution from its Australia projects in 2H23.With OPR hikes likely over, we expect finance cost to stabilize and subsequently come down as the group continues its effort to pare down debt. 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.

SP Setia Bhd

SP Setia - Results Within Expectations