External broker reports(aggregated public sources), Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad

External broker reports(aggregated public sources)

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. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Ancom recorded 4QFY23 core net profit of RM18.3m (+21% QoQ, -36% YoY), bringing FY23 core earnings to a record high of RM73.9m (+18% YoY).</li><li>The results came in within expectations at 97% and 99% of ours and consensus fullyear estimates respectively.</li><li>The QoQ improvement was mainly due to an increase in profit margins for the group’s agrichemical division – attributable to a decline in utility and production cost throughout the quarter due to the normalisation in the MRP gas prices. </li></ul>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.

Ancom recorded 4QFY23 core net profit of RM18.3m (+21% QoQ, -36% YoY), bringing FY23 core earnings to a record high of RM73.9m (+18% YoY).The results came in within expectations at 97% and 99% of ours and consensus fullyear estimates respectively.The QoQ improvement was mainly due to an increase in profit margins for the group’s agrichemical division – attributable to a decline in utility and production cost throughout the quarter due to the normalisation in the MRP gas prices. 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.

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

Kenanga Investment Bank Bhd

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>After a stellar FY23, ANCOMNY expects another strong year ahead despite intense competition on the agri-chemicals front and soft demand for industrial chemicals.</li><li>Prices are weak but demand for agri-chemicals has remained healthy.</li><li>As the only player in SE Asia, it is also enjoying orders from customers seeking to diversify from China while new high-margin products should cushion lacklustre ASP. </li></ul>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.

After a stellar FY23, ANCOMNY expects another strong year ahead despite intense competition on the agri-chemicals front and soft demand for industrial chemicals.Prices are weak but demand for agri-chemicals has remained healthy.As the only player in SE Asia, it is also enjoying orders from customers seeking to diversify from China while new high-margin products should cushion lacklustre ASP. 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.

Ancom Nylex Bhd - Earnings to Stay Strong -  18 July 2023

Malaysia

Ancom Nylex Berhad manufactures and sells chemical products. The Company offers agricultural and industrial chemicals, as well as offers antibiotics, feed additives, supplements and disinfectants, polymer products, logistics, and information technology services. Ancom Nylex serves customers in Malaysia.

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Ancom Nylex (ANCOMNY MK)

Ancom Nylex - Record High FY23

Ancom recorded 4QFY23 core net profit of RM18.3m (+21% QoQ, -36% YoY), bringing FY23 core earnings to a record high of RM73.9m (+18% YoY).

Hong Leong Investment Bank Berhad

Ancom Nylex Bhd - Earnings to Stay Strong - 18 July 2023

After a stellar FY23, ANCOMNY expects another strong year ahead despite intense competition on the agri-chemicals front and soft demand for...

Kenanga Investment Bank Bhd

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