Brokers: Societe Generale Securities Research Target price : RM1.25
Since PETRONAS announced petroleum refining and petrochemical integrated development plan (RAPID) since PENGDA Group (PANTECH, 5125, the main board of trade ) has received a lot of benefits , because investors generally believe that the stock is entering the booming oil and gas Low-cost entry shares industry.
In addition to promoting RAPID favorable corporate earnings , the company is also actively expanding overseas business. We maintain a "buy " rating and target price of RM1.25 .
We believe that after the Petronas announced long-awaited RAPID, penta Group has attracted a lot of investor interest . Last week we took to Singapore exhibition management company , although the company is small capitalization companies, but got very positive feedback .
Or 300 million additional annual turnover
According to our hypothesis, plan worth 90 billion ringgit , 5 percent to the local pipes, valves and fittings (PVF) industry, as well as domestic market share is estimated PENGDA Group was 40% , we believe that this will bring additional annual turnover of 300 million ringgit .
The company also through Nautic Steel Holding Company , to expand into Brazil, and the state-owned oil companies and gas company Pertamina companies to establish long-term business relationship. Meanwhile , the United States plans to implement anti-dumping duty stainless steel , is expected to be on July 1 result. If the results are good , it will help improve the company's steel exports to the United States .
We expect the company to grow while you're trading business due to the oil and gas business, revenue , and we are not worried about the company's irredeemable convertible unsecured debentures (ICULS) and warrants , due to the company's growth potential remains unchanged.
PENGDA Group on Monday ( 19 May ) closing from 1 cent to RM1 , volume of 2,958,500 shares. High quality coffee without having to buy free for you to use
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....
Pomato Ian
17 posts
Posted by Pomato Ian > 2014-05-19 10:35 | Report Abuse
finally!!!