Below taken from FINANCIAL REPORT : Prospects The Group will continue to focus and expand on its existing revenue generating businesses and seek opportunities to grow its businesses, both locally and overseas, by expanding its capacity as the major pipes, fittings and flow controls solutions provider to the oil and gas industries and related upstream and down-stream industries.
With the on-going oil and gas investment in the industry, the Group is of the view that the long term outlook of the oil and gas industries continues to be positive and barring any unforeseen circumstances, the Group expects its overall performance for the current financial year to remain satisfactory.
Conclusion : Based on bright future of O&G especially RAPID / Pengerang project on running in JB, PE < 10 at price 0.975, cash near to 100million, consistent dividend payout, this stock is rated "worth to hold" stock for long term and top up if price drop to support price at 0.91.
We sell.........Pantech will buy back to stabilize the price and keep as treasury shares as per approval granted in the last AGM.......I was at the last AGM.......
i am tempted to bottom fish but worry about rising nickel price due to ban of export by Indonesia, which is used for their stainless steel manufacturing. Maybe will wait first
Icon8888,the profit drop due to trading part,i believe mgmt will find other alternative to resolve this situation as long as there is demand for SS products.
SANG-JERO, buy lower only can make you big money but need to hold long term to gain profit.
On the current date Pantech group holdings Position is Short - Sell based on Medium Term analysis and is Neutral - Flat based on Long Term. Asset "Volatility Risk" is Low and "Liquidity Risk" is High.....
Look at the EMA/SMA as a guide if you want to Buy...At the current price...minimum risk....
portfolio down to -50k.. despite the decrement in the quarterly report, I still think Pantech is worth to keep, although Pantech is one of the major contribution to my negative portfolio value.
Yes. I also think better wait for support level first. Avoid catching a falling knife. But with Pantech is in the Oversold region, I will buy in stages.
TanKW, I read your article about selling some Pantech shares if not you wont have money for CNY angpows. You really have a way with words, its enriching reading your articles. These few weeks theres a lot of weakness in the market. Everyones drinking red wine, not green tea. LOL
Thank again Firebird2, I think we all share the same philosophy of investing. Perhaps the only difference is stock selection in some instance. As long as we play within ourself and level of competence. We are OK!
as long as PE ranged within 10-12 shouldn't be any problem on final qtr result.i believe O & G sectors will risen once US dollar getting stronger by end of this years.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SANG-JERO
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Posted by SANG-JERO > 2014-01-22 23:44 | Report Abuse
Pantech will buy back its shares (as treasury shares) to stabilize the share price....therefore minimum risk.....