directors declared to trade within close period.....if this week no trade from them...high possibility that next result will be good and they want to trade when people rushing for this stock.....hopefully....my 1 cent thought...hehe
Let's see what is the closing price today......Those who are holding don't sell...& it is still not too late to increase stake in Pantech....I am very very confident...Trade at your own risk...cheers..
Pantech sure money...HOLD..slight dip but well absorb by block buyers...T+ 4 is another factor of the slight dip...take advantage to collect more...cheers..
I guess bulleye is right. The high of today is 1.15 and the low is 1.11 only so how the price done is 1.05. That interested party could be TH who could be coming back again after disposing in May
agree hobson. no wonder price drop at the end of the day.. its bcoz of the director selling of their share. hope they absorb well and cont to grow tomorrow. when the qtr result will be out. so long have been waiting.
We expect Pantech (PGHB) to report healthy 1QFY14 results in the middle of this week, boosted by favourable macro factors. We also expect all its business arms to make positive contribution. As we think the US anti-dumping issue should only make minimal impact on the Group, we continue to like PGHB’s growth potential. Hence, we maintain our BUY call, with our MYR1.43 FV pegged to a 13x FY14F P/E.
- Macro factors benign. With both local and global oil majors pumping new investments into the oil & gas (O&G) sector, we believe PGHB will see positive sales growth as the oil majors’ high O&G capex should translate into high demand for the Company’s products. Moreover, the fact that average oil price is hovering above USD90 per barrel also supports our view that O&G capex should remain healthy.
- All divisions to pull their weight. In 1QFY13, PGHB’s stainless steel division was incurring losses, which dragged down Group performance, while its subsidiary Nautic Steel was still in its infancy. For 1QFY14F, we expect to see slight earnings contribution from the stainless steel division, which broke even in 4QFY13. Although the contribution from this unit may be small, it is heartening to note that it has stopped bleeding. After having operated 12 months in the UK, we believe PGHB has overcome the learning curve in managing Nautic Steel; hence, we believe the Company may report heartier numbers. All said, given the strong foundation laid by its trading and carbon steel fittings manufacturing arm, all of PGHB’s businesses now contributing positively. As such, we expect positive earnings growth in 1QFY14.
- US anti-dumping measures may be blessing in disguise. We continue to believe that the US anti-dumping measures on Malaysia’s stainless steel welded pipes should make only minimal impact on PGHB’s earnings. To counter this issue, PGHB has actually ramped up its production of stainless steel fittings, which usually fetch wider margins than pipes. Hence, we think such a measure should be adequate to offset the decline in the pipes sales, and may even boost the Group’s earnings.
guys. i heard from someone that it was an option being exercised by a firm hence the directors were forced to sell @ 1.05 rather than the market price (1.11 - 1.15). If the report is expected not to be good, they will definitely sell their shares in the market which is the range of (1.11 - 1.15). However they did not do that and as a matter of fact they sold it @ 1.05. So the firm that holds the option think that the price is moving higher, therefore they decided to exercise it before the report.
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....
cheah6638
125 posts
Posted by cheah6638 > 2013-07-19 22:54 | Report Abuse
Selling pressure very well absorbed, price holding steadily. Expect commendable quarterly financial results next week or so to boost price further.