Techbond group berhad

$TECHBND / 5289 (TECHBOND GROUP BERHAD)
Research Report by KENANGA

$TECHBND / 5289 (TECHBOND GROUP BERHAD)
Research by Kenanga
Outperform - TP RM0.54

"Record-Breaking, Sticky Growth Ahead"

TECHBND’s FY24 results met expectation. Its core net profit more than doubled driven by higher sales volume of its adhesive products and full year contribution from Malaysian Adhesives and Chemicals (MAC). Moving forward, the integration of MAC and the expansion of its upstream polymer operations is expected to further boost earnings. We maintain our forecasts but raise our TP by 8% to RM0.54 (from RM0.50). Maintain OUTPERFORM as recent price correction offers accumulating opportunity.

Analyst:
Nigel Ng
nigel@kenanga.com.my

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Malacca Securities TOP PICKS 2ND HALF 2024...

- With the earnings from the AI theme expected to grow, coupled with the Fed hinting on rate cut this year, we expect Wall Street to stay positive at least for the rest of 2024. Buying interest is likely to spillover on the local front, with data center, AI, and cloud services driving the markets higher on various fronts, coinciding with the stronger July month on Bursa exchange.

• For the data center and AI catalysts, it may benefit the Construction, Property, Building Materials, and Utilities sectors, while the Technology sector may catch up in the long run as we may turn into SEA chip powerhouse.

• Meanwhile, we believe the Renewable Energy and Technology will be tagged towards the growth and ongoing execution within the NETR and NIMP. Other key sectors that we like include Furniture, Shipping and Consumers.

$DUFU / 7233 (DUFU TECHNOLOGY CORP. BERHAD) $INFOTEC / 0253 (INFOLINE TEC GROUP BERHAD) $SCOMNET / 0001 (SUPERCOMNET TECHNOLOGIES BERHAD) $PPHB / 8273 (PUBLIC PACKAGES HOLDINGS BHD) $TECHBND / 5289 (TECHBOND GROUP BERHAD)

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Changes in Director's Interest (Section 219 of CA 2016) - MR OOI GUAN HOE

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Adhesive maker Techbond Group Bhd, which saw the emergence of PPB Group Bhd as its substantial shareholder last Friday, rallied by as much as 30% to 56.5 sen in the morning trading session yesterday.

PPB Group Bhd has emerged as a substantial shareholder in industrial adhesives and sealant developing and manufacturing company, Techbond Group Bhd, after buying a 15% stake in the group for RM37.67mil.

KUALA LUMPUR: PPB Group Bhd has emerged as a substantial shareholder in Techbond Group Bhd following the acquisition of a 15 per cent-stake in the company from its managing director Lee Seng Thye’s company Sonicbond Sdn Bhd.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: PPB Group Bhd has emerged as a substantial shareholder in Techbond Group Bhd following the acquisition of a 15%-stake from Sonicbond Sdn Bhd.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - MR LEE SENG THYE

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SONICBOND SDN. BHD.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR LEE SENG THYE

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - PPB GROUP BERHAD

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - KUOK BROTHERS SDN BHD

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

$TECHBND / 5289 (TECHBOND GROUP BERHAD)
Research by Kenanga
Outperform – TP of MYR 0.50

“Cost Synergy Misses, Prospects Intact”

TECHBND’s 9MFY24 results disappointed as cost synergy from integration with Malaysian Adhesives and Chemicals (MAC) fell short. Nonetheless, its 9MFY24 core net profit more than tripled YoY driven by strong demand for its adhesive products and maiden contribution from MAC. We maintain our forecasts, TP of RM0.50 and OUTPERFORM call.

Analyst(s):
Nigel Ng
nigel@kenanga.com.my

TECHBND - Notice of Book Closure

$TECHBND / 5289 (TECHBOND GROUP BERHAD)
TECHBOND: 9MFY24 REVENUE & NET PROFIT HIT NEW HIGHS

Bursa Announcement: https://bit.ly/3wHacqJ

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

First Interim Dividend

Additional Listing Announcement /Subdivision of Shares

Titan Weekend Chart Reviews

$TECHBND / 5289 (TECHBOND GROUP BERHAD)

Had been trending upwards here over the pat 2 months since its RM 0.40+ major support levels.

For now holding above RM 0.44+ levels as an immediate support on the daily chart. If able to sustain, could continue on towards and beyond the RM 0.465+ regions for a bullish continuation pattern.

Support: RM 0.44, RM 0.425 areas
Resistance: RM 0.465, RM 0.485, RM 0.50 areas

Additional Listing Announcement /Subdivision of Shares