KJTS
Resetting Expectations
Loss of the MUSB contract will hurt KJTS' earnings outlook.
Buy
Greenergy
Greenfield, Green-Steam
Transitioning from a renewable energy EPCC to asset ownership should justify a re-rating towards the ~20x PER's enjoyed by peers.
LSH Capital
4QFY25 - Meeting Expectations
LSH continues to build a track record of sustained high-margin construction earnings.
DESTINI
Missed deadline resurfaces old concerns
Regulators will suspend Destini on 10 Nov for missing the 31 Oct deadline for issuing the FY25 audited accounts and annual report.
FRONTKEN
3Q25: M&A's in focus
Management provided more clarity on potential M&A opportunities, with 3 deals being explored.
FRONTKEN
Exceptional Underlying Growth
We conclude from the post-results briefing that the combination of seasonal tailwinds, a step-up in leading-edge product mix, and sustainable margin dynamics, that the current momentum should be sustained.
DESTINI
Improving collections, a dividend likely
Improving cash flows were a key signpost to continue rehabilitating market perception of Destini, on the back of a 4th quarter in the black.
FRONTKEN
Secular Drivers Trump Cyclical Slump
FRCB is the best positioned to weather Trump’s tariff uncertainties and potentially benefit it, if it can follow TSMC to Arizona.
DESTINI
A Rail Turnaround
Destini has already delivered 3 quarters in the black after aggressively kitchen sinking i18M24 (ended June), that saw heavy impairments and exit/disposal from problematic segments/subsidiaries.