Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: OSK
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: OSK
OSK says that Pantech is expected to announce its nine month
financial year 2011 results this week, which it thinks may come in below consensus, taking the cue from the O&G sector’s
sluggishness in H2 current year 2010.
However, OSK believes that financial year 2012 holds more
promising prospects for the company, judging from the emergence
of more contracts for the sector, new capacity from its new Pasir Gudang plant coming onstream, and finalisation of its joint venture with Al-Otaishan in the Middle East.
According to OSK, it upgraded Pantech to 'trading buy', at a target price of 79 sen, based on 7 times price earnings ration on financial year 2012 earnings per share. Reuters
financial year 2011 results this week, which it thinks may come in below consensus, taking the cue from the O&G sector’s
sluggishness in H2 current year 2010.
However, OSK believes that financial year 2012 holds more
promising prospects for the company, judging from the emergence
of more contracts for the sector, new capacity from its new Pasir Gudang plant coming onstream, and finalisation of its joint venture with Al-Otaishan in the Middle East.
According to OSK, it upgraded Pantech to 'trading buy', at a target price of 79 sen, based on 7 times price earnings ration on financial year 2012 earnings per share. Reuters
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