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

TA Securities Holdings Bhd

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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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. 

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>Key takeaways from COASTAL’s analyst briefing: (i) The group is still in discussion for Perdiz Plant and JUGCSU’s contract extension; (ii) Papan Plant’s gas processing volume is gradually increasing in line with capacity expansion of Ixachi field; (iii) Management expects to recover majority of provision for delay penalty.</li><li>We trim our FY23/FY24/FY25 earnings forecasts by 7.6%/1.5%/0.9% respectively after lowering our utilisation rate assumptions for both Perdiz Plant and Papan Plant.</li><li>Maintain Buy with a lower TP of RM1.90/share based on sum-of-parts valuation.</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>

Key takeaways from COASTAL’s analyst briefing: (i) The group is still in discussion for Perdiz Plant and JUGCSU’s contract extension; (ii) Papan Plant’s gas processing volume is gradually increasing in line with capacity expansion of Ixachi field; (iii) Management expects to recover majority of provision for delay penalty.We trim our FY23/FY24/FY25 earnings forecasts by 7.6%/1.5%/0.9% respectively after lowering our utilisation rate assumptions for both Perdiz Plant and Papan Plant.Maintain Buy with a lower TP of RM1.90/share based on sum-of-parts valuation.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.

Coastal Contracts Berhad - Expects to Recover Majority of Provision for Delay Penalty