Kossan's 1H Performance Was Below Expectation
Kossan's 1H Performance Was Below Expectation
Kossan Rubber Industries Berhad has seen its target price revised to RM1.89 from RM2.45 following its 2QFY24 results announcement. The analysts have maintained a NEUTRAL stance on the company amidst ongoing challenges in the sector, including a slow recovery in demand and persistent supply-demand imbalance.
科尚橡胶工业有限公司的目标价格从2.45马币调整为1.89马币，基于其2QFY24的业绩公告。分析师在行业持续面临挑战的背景下对该公司保持中立观望态度，包括需求复苏缓慢和持续的供需失衡。
Analysts from Kenanga, MIDF and Maybank have downgraded their recommendations, with one analyst maintaining an UNDERPERFORM rating and adjusting the target price to RM1.56 from RM1.48. This reflects concerns over the sector's overcapacity and competitive pressures, which continue to impact Kossan's performance.
肯纳加证券、MIDF证券和马来亚银行的分析师已经下调了他们的建议，其中一位分析师保持了WEAK表现评级，并将目标价格从1.48马币调整为1.56马币。这反映出对行业产能过剩和竞争压力的担忧，这些因素继续影响着科尚的业绩。
For 2QFY24, Kossan reported a core net profit of RM27.3 million, reversing a loss of RM2.8 million from the previous year. This improvement was supported by a revenue increase of 10.9% year-on-year, reaching RM429.9 million. However, the first half FY24 earnings of RM52.0 million fell short of expectations, covering only 36.1% of the full-year estimates.
对于2QFY24，科尚报告了2,730万马币的核心净利润，相较于上一年的280万马币亏损。这一改善得到了营业收入增长10.9%的支持，达到了42,990万马币。然而，上半财年24的收益达到了5,200万马币，低于预期，仅达到全年估计的36.1%。
Despite the current challenges, Kossan is expected to remain profitable. Analysts project a slow recovery in demand and ongoing competitive pressures, which may limit growth prospects in the near term. The company is anticipated to continue its profitability through strategic adjustments and cost efficiency measures.
尽管面临当前的挑战，科尚预计将保持盈利能力。分析师预测需求复苏缓慢以及持续的竞争压力可能会限制短期内的增长前景。该公司预计将通过战略调整和成本效益措施继续实现盈利能力。