Stock Digest - Suria Capital Holdings Bhd - Starting The Year Slow

The reported earnings came below expectations, amounting to 16.6% of our full year net profit forecast RM64.1m and 21.0% of consensus forecast of RM50.6m. The weaker-than-expected numbers was attributable to the decrease in cargo throughput and tonnage handled. We reckon that with commodities prices (particularly crude oil and crude palm oil) remain volatile, demand may continue to weaken in subsequent quarters.

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