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>Excluding the one-off gain amounting to RM13.3mn, TRC’s FY23 core earnings of RM12.4mn (-7.7% YoY) came in below expectations, accounting for only 83.9% and 91.6% of our and consensus full-year estimates, respectively.</li><li>The negative deviation was chiefly attributed to lower-thanexpected profit contribution from the construction division.  YoY, FY23 revenue was stable, but core net profit decreased 7.7% YoY to RM12.4mn.</li><li>This decrease was primarily due to a 2.7%-pts reduction in EBIT margin to 3.8%, as the margin in the preceding year of 6.4% was lifted by the finalisation of certain project costings.</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>

Excluding the one-off gain amounting to RM13.3mn, TRC’s FY23 core earnings of RM12.4mn (-7.7% YoY) came in below expectations, accounting for only 83.9% and 91.6% of our and consensus full-year estimates, respectively.The negative deviation was chiefly attributed to lower-thanexpected profit contribution from the construction division.  YoY, FY23 revenue was stable, but core net profit decreased 7.7% YoY to RM12.4mn.This decrease was primarily due to a 2.7%-pts reduction in EBIT margin to 3.8%, as the margin in the preceding year of 6.4% was lifted by the finalisation of certain project costings.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.

TRC Synergy Bhd

TRC Synergy Berhad - A Soft Patch