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

Hong Leong Investment Bank Berhad

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. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>SLP reported 1H23 core PAT of RM6.5m (-21.2% YoY), which fell short of expectations, representing only 33%/36 of our/consensus full-year forecasts, respectively.</li><li>The lacklustre performance was mainly due to weak local and export sales, as customers slowed their orders amid inflationary pressures and concerns over economic slowdown.</li><li>Given lower-than-expected YTD utilization rate, we cut our FY23/24/25 utilization rate assumptions down to 53%/60%/63%, resulting in Core PATAMI falling by 21%/8%/5% for FY23/24/25. </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>

SLP reported 1H23 core PAT of RM6.5m (-21.2% YoY), which fell short of expectations, representing only 33%/36 of our/consensus full-year forecasts, respectively.The lacklustre performance was mainly due to weak local and export sales, as customers slowed their orders amid inflationary pressures and concerns over economic slowdown.Given lower-than-expected YTD utilization rate, we cut our FY23/24/25 utilization rate assumptions down to 53%/60%/63%, resulting in Core PATAMI falling by 21%/8%/5% for FY23/24/25. 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.

SLP Resources

SLP Resources - Weak Demand Persisted