LPI Capital Beats Street Estimates, Worst Likely Over for Unisem
LPI Capital Beats Street Estimates, Worst Likely Over for Unisem
The call on the stocks for General insurer LPI Capital Bhd and semiconductor assembly and test services provider Unisem (M) Bhd has been upgraded at Affin Hwang Investment Bank Bhd (AHIB) today following the release of their full year results yesterday.
繼昨天公佈全年業績後，Affin Hwang投資銀行有限公司（AHIB）今天上調了對通用保險公司LPI Capital Bhd和半導體組裝和測試服務提供商Unisem（M）Bhd的股票看漲期權。
Unisem has also been upgraded at Kenanga Research in a note released today.
在今天發佈的一份報告中，Kenanga Research也對Unisem進行了升級。
In its note, AHIB said LPI's 2023 numbers beat its and street estimates, thanks to another decent fourth quarter while its 2023 performance was supported by the investment portfolio's strong performance.
AHIB在報告中表示，LPI的2023年數字超過了華爾街的預期，這要歸功於又一個不錯的第四季度，而其2023年的表現得到了投資組合強勁表現的支持。
It upgraded its rating on LPI to 'buy' from 'hold', with a higher 12-month target price of RM14.00. The counter ended yesterday's trading at LPI RM12.58.
它將LPI的評級從 “持有” 上調至 “買入”，將12個月的目標價上調至14.00令吉。該櫃台昨天以每股價格指數12.58令吉收盤。
LPI posted a net profit of RM313.7 million for the financial year ended Dec 31, 2023 (FY23), up 24% from FY22, on the back of RM1.905 billion in turnover, up 17% year-on-year (yoy).
LPI公佈截至2023年12月31日的財政年度（FY23）的淨利潤爲3.137億令吉，較22財年增長24％，營業額爲19.05億令吉，同比增長17％。
It noted that the absence of prosperity tax partially underpinned the more robust profit growth in 2023. In 4Q23, it said the insurance service results turned more favourable for motor and miscellaneous, while for 2023, it saw a turnaround in growth especially for the motor segment.
它指出，沒有繁榮稅在一定程度上支撐了2023年更強勁的利潤增長。該公司表示，在23年第四季度，保險服務業績對汽車和其他雜項業務更加有利，而在2023年，其增長出現了轉機，尤其是汽車細分市場。
Lonpac has declared a second interim dividend of 40.0 sen per share, compared to 35.0 sen per share in FY22, bringing its total dividend payment for FY23to RM262.9 million, representing 83.8% of its net profit attributable to shareholders. Its first interim dividend of 26.0 sen was paid in September 2023.
Lonpac宣佈第二次中期股息爲每股40.0先令，而22財年爲每股35.0先令，使其23財年的股息支付總額達到2.629億令吉，佔其歸屬於股東的淨利潤的83.8％。其第一筆26.0仙的中期股息已於2023年9月支付。
AHIB has upgraded Unisem to 'hold' from 'sell', with a higher 12-month target price of RM3.30, noting that the worst was likely behind while sector sentiment was improving. Unisem closed at RM3.26 yesterday.
AHIB已將Unisem從 “賣出” 上調至 “持有”，將12個月的目標價上調至3.30令吉，並指出最壞的情況可能已經過去，而行業情緒正在改善。Unisem昨天收於3.26令吉。
"Earnings recovery should continue in subsequent quarters, but we do not expect a return to peak earnings in FY24," it said.
它說：“未來幾個季度的收益將持續復甦，但我們預計24財年的收益不會恢復到峯值。”
Unisem's net profit for the financial year ended Dec 31, 2023 (FY23) shrunk 79% yoy to RM80.2 million on the back of RM1.440 billion, down 19% from FY22.
Unisem截至2023年12月31日的財政年度（FY23）的淨利潤同比下降79％，至8,020萬令吉，這要歸因於14.40億令吉，較22財年下降19％。