External broker reports(aggregated public sources), TA Securities Holdings Berhad

TA Securities Holdings Bhd

External broker reports(aggregated public sources)

TA Securities Holdings Berhad

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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Equity Bottom-Up

<ul><li>Elk-Desa reported softer YoY results with 1QFY24 net profit falling by 52% YoY to RM8.5mn, underpinned by an impairment allowance of RM7.1mn YTD. Despite that, Elk-Desa’s results came within our expectations, with net profit accounting for 21% of our full-year forecast. </li><li>QoQ, the group’s net profit improved by 13.4% due to a decline in the cost of inventories sold and other expenses. However, this sequential improvement was muted by a 2.8% decline in revenue and a 1.3% increase in finance costs</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>

Elk-Desa reported softer YoY results with 1QFY24 net profit falling by 52% YoY to RM8.5mn, underpinned by an impairment allowance of RM7.1mn YTD. Despite that, Elk-Desa’s results came within our expectations, with net profit accounting for 21% of our full-year forecast. QoQ, the group’s net profit improved by 13.4% due to a decline in the cost of inventories sold and other expenses. However, this sequential improvement was muted by a 2.8% decline in revenue and a 1.3% increase in finance costsContent 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.

Elk-Desa Resources Bhd - Lower YoY Net Profit

Malaysia

Elk-Desa Resources Bhd is an investment holding company.  The Company provides purchase financing for used motor vehicles in Malaysia.

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