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.
Kossan Rubber Industries Berhad的目標價從RM2.45調低至RM1.89，該公司發佈2QFY24業績公告後。在板塊中持續存在的挑戰包括需求復甦緩慢和持續的供需失衡，分析師對該公司保持中立立場。
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.
肯依納、馬國投行和馬來亞銀行的分析師下調了其推薦評級，其中一位分析師將目標價從RM1.48調整爲RM1.56，並維持了UNDERPERFORM投資評級。這反映出對板塊產能過剩和競爭壓力的擔憂，這些問題繼續影響着Kossan的業績表現。
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.
截至2QFY24，Kossan的核心淨利潤爲RM2730萬，與上一年度的虧損RM280萬相比出現逆轉。這一改善得到了營業收入同比增長10.9%的支持，達到RM42990萬。然而，上半財年FY24的盈利爲RM5200萬，未能達到預期，僅佔全年預期盈利的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.
儘管面臨目前的挑戰，Kossan預計將繼續保持盈利能力。分析師預測需求復甦將緩慢進行，並持續面臨競爭壓力，這可能限制近期的增長前景。該公司預計將通過戰略調整和成本效益措施繼續保持盈利能力。
譯文內容由第三人軟體翻譯。