Pantech Steel Industries Sdn Bhd is wholly owned by Pantech Group Holdings Berhad.
Pantech Steel Industries Sdn Bhd is one of the leading manufacturers of Carbon Steel Butt Weld Fittings and High Frequency Induction Long bends for the oil and gas industry, marine and shipyard, petrochemical, power plant, etc.
Pantech Stainless & Alloy Industries Sdn Bhd (PSA) specializes in producing high quality stainless steel welded pipes and butt-weld fittings using State-of-the-Art technology. PSA is a member of Pantech Group Holdings Berhad,
Stainless steel welded pipe
Stainless steel butt-weld fitting
Stainless steel flat bar
Stainless steel pipe nipple
Form Last QR Manufacturing Division
The Manufacturing division record higher external revenue of RM62.97 million (Q4FY20: RM54.82 Million) and higher segment profit before tax RM5.25 Million (Q4FY20 : RM1.64 million) an increase approximately RM8.15 million (14.87%) and RM3.61 million (220. 12%) respectively.
The higher revenue for the current quarter was mainly due to the increase in sales demand from export market (China) of stainless steel manufacturing division. The Higher PAT was mainly due to better product mix and lower expense.
Steel smashes records as China intensifies emissions crackdown⚠
(April 29): China’s steel futures hit fresh records as the government added to a sweep of measures aimed at reining in output and emissions in the world’s top producer. Iron ore was steady.
Steel mills are enjoying record profitability combined with some constraints on supply,” Elizabeth Gaines, chief executive officer of the world’s No.4 iron ore supplier Fortescue Metals Group Ltd, said in a phone interview. Demand for iron ore used to make steel is “very strong”, she said.
Authorities in China had already ordered nationwide inspections of the steel industry to make sure that capacity cuts ordered over the past five years have been enforced. The government has also pushed a raft of output curbs in top hub Tangshan that has at least tempered the supply outlook. China churns out more than half the world’s steel.
As steel sentiment getting higher, and steel price up drastically pantech group will benefit from it.
China now running on high construction work, after the covid 19 cases has been control in their country .
My insider tell me Pantech Group will deliver 300% PAT up coming QR in couple of month due to higher sales and stronger demand from stainless steel pipe line from Beijing.
Construction in full swing to build China City of the future.
Xiongan, about a two-hour drive from central Beijing, is a site in Hebei province that was hand picked by Chinese President Xi Jinping to be developed into the nation’s new “dream city”. Four years after the project was announced in April 2017, the dream is taking shape in an area where construction cranes now dominate the skyline as work to build the community continues.
My TP 0.70 sen after minor pull back will going into new support 0.855 before continue to hit new higher price RM1.20.
Strictly for education, not a recommendation to buy or sell.
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....
Posted by kasrim > 2021-04-20 12:29 | Report Abuse