External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>The Group reported a headline net profit of RM26.8m (-47.8% YoY, -11.8% QoQ) for 3QFY23, the weaker YoY numbers due in part to higher material and operating costs, and notably higher finance costs as a result of its sukuk drawdown.</li><li>Cumulative 9MFY23 core net profit of RM142.1m (+19.6% YoY), which excludes RM26.4m in foreign exchange losses and RM2.1m in asset disposal gains, is slightly behind at 69% and 70% of our and consensus full-year estimates respectively.</li><li>Consumption spending has remained relatively steady, albeit marginally weaker, despite global monetary tightening.</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>

The Group reported a headline net profit of RM26.8m (-47.8% YoY, -11.8% QoQ) for 3QFY23, the weaker YoY numbers due in part to higher material and operating costs, and notably higher finance costs as a result of its sukuk drawdown.Cumulative 9MFY23 core net profit of RM142.1m (+19.6% YoY), which excludes RM26.4m in foreign exchange losses and RM2.1m in asset disposal gains, is slightly behind at 69% and 70% of our and consensus full-year estimates respectively.Consumption spending has remained relatively steady, albeit marginally weaker, despite global monetary tightening.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.

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