chơi game kiếm tiền(www.vng.app):Swift Haulage results in line with analyst expectations

chơi game kiếm tiền(www.vng.app):chơi game kiếm tiền(www.vng.app) cổng Chơi tài xỉu uy tín nhất việt nam。chơi game kiếm tiền(www.vng.app)game tài Xỉu đánh bạc online công bằng nhất,chơi game kiếm tiền(www.vng.app)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.

Kenanga Research has maintained its “outperform” call on Swift Haulage with an unchanged target price of RM1.01, based on 14 times PE for FY23.

PETALING JAYA: The strong financial performance of Swift Haulage Bhd is reinforcing analysts’ optimism over the underlying strength of the integrated logistics service provider.

Kenanga Research, for one, maintained its “outperform” call on Swift Haulage with an unchanged target price of RM1.01, based on 14 times price-earnings (PE) for the financial year ending Dec 31, 2023 (FY23). This was in line with the industry average.

MIDF Research also recommended a “buy” call on Swift Haulage, with a revised target price of RM1.05, compared with RM1.18 previously.

The brokerage lowered its target price for the company after assigning a lower PE of 15 times for FY23, compared with 17 times previously. This is more in line with the sector’s historical mean and after factoring in the risk of a global economic downturn, which could affect port throughput.

Swift Haulage posted a net profit of RM39.2mil, or 4.42 sen per share, on revenue of RM479.7mil for the nine-month period to Sept 30, 2022. The results were largely in line with analysts’ expectations.

Kenanga Research noted that Swift Haulage’s encouraging performance was largely driven by the recovery in business activities following the easing of Covid-19 restrictions, while the transportation of petrochemical products, particularly for the Petroleum Nasional Berhad group of companies, was brisk on the back of strong crude oil prices.

,

足球免费贴士网www.ad168.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

Also helping was the strong local gateway volume, riding on robust export volume, the brokerage wrote in its report yesterday.

“We like Swift Haulage for its leading position in the Malaysian haulage business, commanding close to 10% market share, its value-added integrated offerings resulting in a superb pre-tax profit margin of 10%, compared to the industry average of 4%, and the tremendous growth potential of its warehousing business, riding on the domestic eCommerce market,” Kenanga Research said.

MIDF Research projected that in the near term, Swift Haulage could see its earnings uplifted by the 46% increase in total warehouse capacity, following the completion of its expansion programme in the third quarter of FY22.

MIDF Research noted that Swift Haulage’s improved earnings for the nine-month period of FY22, lifted by the post-pandemic recovery, came in within 71% of the brokerage’s estimates and 73% of consensus.

“We leave our earnings estimates unchanged, as the results were within our expectations,” said MIDF Research.

“The key downside risks include lower-than-expected utilisation rates for its new and extended warehouses, as well as lower-than-expected gateway port throughput,” MIDF Research stated.


转载说明:本文转载自Sunbet。,

Game blockchain kiếm tiền free(www.vng.app):Game blockchain kiếm tiền free(www.vng.app) cổng Chơi tài xỉu uy tín nhất việt nam。Game blockchain kiếm tiền free(www.vng.app)game tài Xỉu đánh bạc online công bằng nhất,Game blockchain kiếm tiền free(www.vng.app)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.

添加回复:

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。