you have asked an interesting question. Pantech is in the business for a long time but only listed for 6 years. It has the experience of an old man and vitality of a young one
Benefit from the British subsidiary of the oil contracts PENGDA Group earnings bullish Financial News Financial 2013-02-03 11:11
KUALA LUMPUR (Reuters) analysts pointed out that Pengda (Pantech, 5125, shares) of the Group will continue to benefit from the the UK subsidiary income and Petronas release contract, future earnings outlook period, the recent stock market decline will is a good opportunity to buy shares.
PENGDA Group the latest results caroling, the third quarter ended November 30, 2012, net profit rose 50.97 percent to 15.613 million ringgit, thanks to strong demand for oil and gas sector, as well as the UK the Nautic steel larger contribution.
OSK Investment Research pointed out, the The Pengda Group's investment in the UK began to get all the harvest outcome of the fiscal 2013 first nine months of the revenue growth of 77.9%.
"We prefer The Pengda Group will continue to take the upward trend of oil and gas fields, together with the stainless steel business in the next fiscal year to make net profit contribution, as well as the Nautic steel objective income, the company gains further upside."
The analyst recommended the bargain buy PENGDA Group target price of RM1 9 times FY 2014 earnings per share estimate.
Average selling price increases
The same Group PENGDA optimistic outlook for securities, with the higher-than-expected third quarter results, the decision of the 2013-2015 average sales price of carbon steel products increased from before 2200 ringgit per tonne to 2400 ringgit.
Nautic steel side, the new automated system can increase productivity in the fiscal 2013 first quarter operational, the new management will also be in place in the third quarter, the Brazilian oil and gas engineering needs and the size of the factory building activities, will continue to create more income.
National oil RM 300 billion capital spending plan in 2011-2015, expected to release more offshore platforms and downstream contracts, of Pengda Group tubing, fittings and flow control products therefore increased demand. " http://www.nanyang.com/node/508939?tid=462 It is understood that more than 80% of the Group sales PENGDA, from the oil and gas sector.
Analysts trade revenue forecast of the 2013 fiscal year, increased to 20% from 18%, the contribution of the 2013-2015 fiscal year net profit also increased between 1-3%.
this stock have good fundamental, but i afraid the GE fear is stronger then the good news...as today, the price jump down...good stock also become bad stock(maybe just a moment)...but if the news strong like Tebrau n KSL, then can rest assure..
just keep half more year..rm1 should be no problem for this company base on their current earning,low pe,support by few fund,and etc..unless political problem appear..furthermore o&g sector will perform well this year..just base on my opinion..
Nautic Steel should remain the company’s main growth driver, while its stainless steel unit is contributing to turn around in FY14. “These should propel Pantech’s earnings higher by coming quarterly financial announcement.
kcfan,I agree with you. We are looking at a higher final dividend also. Perhaps 1.5 sens to make a total of 4.9 sens for the year. The counter is inching toward TP of RM1.
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....
lmf_hau
674 posts
Posted by lmf_hau > 2013-01-23 16:18 | Report Abuse
Who wanto learn how big boy distribution of share in live ?
Pls see Itronic now !!
Massive transaction at 59.5c n 60c,
Let see who is the unlucky last man eat Banana ....