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>VSI registered 9MFY23’s sum to RM142.1m (+20% YoY) which fell behind our/consensus expectations at 67%/70%.</li><li>Despite the better top line registered YoY, bottom line shrank on the back of (i) drop in EBITDA margin by 3.5ppt from higher electricity, labour and financing cost; and (ii) higher effective tax rate.</li><li>As guided previously, management expects Customer X, US customer, coffee brewer and pool cleaning customer to chart softer numbers on the back of recessionary fears. </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>

VSI registered 9MFY23’s sum to RM142.1m (+20% YoY) which fell behind our/consensus expectations at 67%/70%.Despite the better top line registered YoY, bottom line shrank on the back of (i) drop in EBITDA margin by 3.5ppt from higher electricity, labour and financing cost; and (ii) higher effective tax rate.As guided previously, management expects Customer X, US customer, coffee brewer and pool cleaning customer to chart softer numbers on the back of recessionary fears. 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.

V.S. Industry

V.S. Industry - Sombre Showing