pantech is shifting its strategy according the market changes. eventually all the effort will be paid off and we will see an increase in profit margin. bear in mind once pengerang project being announced, u will see a high demand back in o&g
good news on pengerang should be announced soon. Undertaken by the national oil corporation, Petronas, the US$20 billion RAPID complex is expected to reach its final investment decision at end-March or early April
So dont miss ur boat. once the project is announced. all the O&G will have a huge jump again.
“We hope to continue bringing more players into this industry. The Pengerang project in Johor has created a strong wave in the industry and the international players are taking it seriously,” he said, adding that the Pengerang project could involve over RM170mil in investment over time. It has been reported that Pengerang has about RM69bil worth of projects in the pipeline.
I will definitely collect more if it drops below 0.80. But it's getting too close to my average price. Haha.. Should have sold some above 1.00. Well, it's a learning curve for me.
But seriously, I felt sorry for bro Keng Ng holding at such level. Bro, I'm a newbie so probably you should not listen to me. But may I know whether you want to average down your holdings?
Last 3 years looks good. ROE increase from 9% to 15.5%. Revenue doubled from RM330m to RM660m and profit almost double as well from RM28m to RM55m. Dividend yield last 3 years is about 6%p.a. Worth to accumulate some.
yea they are indrectly involved in O&G and one of customer in the industry will be SapuraKencana which recently just bagged an award worth USD 454m. Hence, pantech will be indirectly getting more order to supply more.
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....
Steve Jub
4,203 posts
Posted by Steve Jub > 2014-03-24 18:23 | Report Abuse
quarterly result good u mean?