安康耐力斯派息每股1仙 每100股送4库存股
安康耐力斯(ANCOMNY,4758,主板工业股)董事局宣布,派发每股1仙第2次中期股息,除权日是10月11日。
同时,董事局也宣布以股代息派送库存股,作为首次中期股息。
根据文告,安康耐力斯将以每100股分送4股库存股,除权日也是10月11日。
$ANCOM / 4758 (ANCOM BERHAD)
https://cutt.ly/TeYVeJlt
$ANCOM / 4758 (ANCOM BERHAD)
https://cutt.ly/AeYpOshG
shopping spree in business expansion!
$ANCOM / 4758 (ANCOM BERHAD)
Research by Kenanga
BUY – TP RM1.50
"Multiple Earning Drivers Ahead"
ANCOMNY’s earnings guidance for FY25-26 is in line with our estimates. It expects stronger agri-chemicals contributions on robust timber preservative orders, better sales of MSMA along with newer active ingredients (AIs). Its industrial chemicals margins should also improve on cost cuts. We maintain our forecasts, TP of RM1.50 and OUTPERFORM rating.
Analyst:
Khoo Teng Chuan
khootc@kenanga.com.my
$ANCOM / 4758 (ANCOM BERHAD)
Research by Kenanga
Outperform – TP RM1.50
" A Brighter FY25 Ahead "
ANCOMNY’s FY24 results missed our forecast slightly (due to a high tax provision in 4Q) but met the market expectation. Its FY24 core earnings rose 8% YoY on an improved sales mix. Looking ahead, earnings growth will be driven by improving agri-chemical outlook on firm timber preservative orders and the introduction of new active ingredients (AIs). We trim our FY25F net profit forecast by 3% but keep our TP of RM1.50 and OUTPERFORM call.
Analyst:
Teh Kian Yeong
tehky@kenanga.com.my
$ANCOM / 4758 (ANCOM BERHAD)
Research by HLIB
BUY – TP RM1.48
" Envisioning better numbers in FY25"
ANCOMNY posted 4QFY24 core net profit of RM21.0m (+12.0% QoQ, +14.5%YoY), bringing FY24’s sum to RM81.7m (+10.6% YoY). The results accounted for 99% of both our and street estimates, which we deem within expectations. Core earnings grew 10.6% YoY in FY24 mainly driven by positive contribution from its new subsidiary HJ Unkel and higher margins stemmed from better sales mix.We look forward to the commercialisation of Chemical T, tentatively by end3QCY24, which should ultimately lift earnings in FY25f. We lower our FY25/26f earnings by 2%/5% and maintain our BUY rating with slightly higher TP of RM1.48 (from RM1.47), based on 15x rolled over FY25f EPS.
Analyst:
Brian Chin
brianchy@hlib.hongleong.com.my