- PANTECH was given the certification by Norwegian safety standards which will increase its value-add abilities. This will translate to potential future project acquisition which will boost company earnings. - key projects in the recently approved RAPID and other fabrication works are likely to sustain sales. - attractive div play stock.
Pantech Group Holdings-------------------- 11//04//14 (PGHB MK) Technical BUY with +16.0% potential return Last price : RM1.00 Target Price : RM1.07, RM1.16 Support : RM0.950 Stop-loss: RM0.945 BUY with a target price of RM1.16 with a stop loss below RM0.945. PGHB’s share price surged above the “cloud” on 4 Apr 14, which effectively signals the start of a new up-leg. Despite a minor pullback for the next three days, indicating profit-taking activity, new buying interest reemerged yesterday as shown by the much higher trading volume of 17.2m shares (vs 20-day average of 2.0m), with PGHB gapping up and closing above the recent high of RM0.985. Given the uptick in RSI, a strong momentum can be expected and could push the share price higher in the near term. Nevertheless, we expect the uptrend to continue, therefore we peg our medium-term upside target at the all-time high of RM1.16.
depsite all the regional markets crash like crazy, pantech still sustaining well there. i guess next week will break above 1.00 when the market sentiment turns good again
No bad. Pantech has the lowest P/E among Oil & Gas Counters. And Barakah secured pipes laying projects for Petronas. Will they use Pantech pipes? Another division has turned positive - Oil Palm prices strengthened.
So the Target price of RM1.28 is now quite possible
Calvin Since u always advertise johor property Plz have a look on rapid project in pengerrang It is a huge project They will be benefiting from rapid project.
As long as company not busuk Operator not busuk Share price sure can up If u notice the price has gone down from 1 plus to 0.90 plus Before rapid was announced by petronas
Yes, directly or indirectly Pantech will benefit from Pengerang Mammoth Projects. Although Pantech is up from 50 cts. That was some years ago. Now with recovering Palm Oil Prices (Pantech also manufacture pipes for palm oil industries) & Especially RAPID Things have turned positive for Pantech
Management of Pantech is in good hands & OSK Iskandar Top Boss Like This counter
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....
ferdtwh
760 posts
Posted by ferdtwh > 2014-04-11 08:01 | Report Abuse
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