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. 

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External broker reports(aggregated public sources)

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.

Equity Bottom-Up

Malaysia Building Society / Equity Bottom-Up

<ul><li>Post-MIDF merger, we raise our GGM-derived PBV TP to RM0.67 (COE: 9.7%, TG: 2.0%, ROE: 6.5%) from RM0.51, previously.</li><li>The enlarged MBSB seeks to reap synergistic gains with the integration of consumer banking, development and investment banking units to bolster its suite of offerings while optimising its combined operating frameworks.</li><li>However, due to the expected implementation period and shareholder dilution from the exercise, current price points could indicate the stock has been overbought. </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>

Post-MIDF merger, we raise our GGM-derived PBV TP to RM0.67 (COE: 9.7%, TG: 2.0%, ROE: 6.5%) from RM0.51, previously.The enlarged MBSB seeks to reap synergistic gains with the integration of consumer banking, development and investment banking units to bolster its suite of offerings while optimising its combined operating frameworks.However, due to the expected implementation period and shareholder dilution from the exercise, current price points could indicate the stock has been overbought. 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.

Malaysia Building Society - New Full-Fledged Bank Sets Itself High Bar