足球博彩分析www.hg108.vip)是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩分析上登录线路最新、新2皇冠网址更新最快,足球博彩分析开放皇冠会员注册、皇冠代理开户等业务。

infograhic

CLICK TO ENLARGE

PETALING JAYA: Bursa Malaysia Bhd is expected to experience a decline in earnings for 2022 due to higher taxation from Cukai Makmur, lower equity average daily trading volumes (ADTV), and an increase in depreciation charges.

CGS-CIMB Research noted that although the exchange holding company’s net profit for the first half of 2022 (1H22) dropped by nearly 40% year-on-year (y-o-y) following a 26% y-o-y decline in revenue, the group’s net profit was still slightly above its expectations.

“Bursa’s 1H22 net profit was at 59% of our full-year estimate, mainly due to lower-than-expected operating expense (opex) which declined by 3.8% y-o-y in that period,” the research house noted in a report.

Bursa’s declining earnings and revenue in 1H22 were compounded by a 46.4% y-o-y contraction in ADTV.

For the second quarter of 2022 (2Q22), ADTV’s drop of 43.2% y-o-y caused the bourse’s revenue to fall by 22.5% to RM151.9mil. Quarterly net profit was 33.1% y-o-y lower at RM59.5mil due to an increase in depreciation charges.

,

新2备用网址www.hg108.vip)是一个开放新2网址即时比分、新2网址代理最新登录线路、新2网址会员最新登录线路、新2网址代理APP下载、新2网址会员APP下载、新2网址线路APP下载、新2网址电脑版下载、新2网址手机版下载的新2新现金网平台。新2网址登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。

,

Despite the drop in Bursa’s revenue and net profit, CGS-CIMB said the results were 2.8% and 29.1% higher than its estimate.

In a report dated July 14, 2022, the research house had forecast Bursa to report a net profit of RM46.1mil for 2Q22, and the stronger net profit of RM59.5mil in 2Q22 was positive, it added.

Another positive was Bursa’s interim dividend per share of 15 sen, a payout rate of 95%, which was above CGS-CIMB’s projected 24 sen for the financial year 2022 (FY22), or a payout rate of 89%.

Moving forward, CGS-CIMB forecast Bursa to experience a 32.9% y-o-y decline in group earnings to RM97.3mil as a result of higher taxation for the Cukai Makmur tax expense.

“We raise our FY22 to FY24 earnings per share forecast by around 4.3% as we cut our projected opex by around 5%. Consequently, our target price increases from RM6.59 to RM7,” CGS-CIMB noted.

It reiterated a “hold” call on Bursa, as it believes the decline in equity ADTV is priced in, given its low 2023 price to earnings per share ratio of 19.6 times, which is below the five-year historical average of 21.5 times.


转载说明:本文转载自Sunbet。 环球UG声明:该文看法仅代表作者自己,与本平台无关。转载请注明:新2备用网址:Bursa seen to experience headwinds
发布评论

分享到:

新2投注平台出租:文化公司做幌子 骗人购买“纪念钞” 南山警方打掉一养老诈骗团伙
1 条回复
  1. 皇冠线上开户(www.huangguan.us)
    皇冠线上开户(www.huangguan.us)
    (2022-09-04 00:11:51) 1#

    www.22223388.com)实时更新发布最新最快最有效的新二皇冠最新手机登录网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。偶然看到的,一直在看

发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。