Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: JF APEX | Price Call: BUY | Target Price: 1.14 |
Showing posts with label PANTECH. Show all posts
Showing posts with label PANTECH. Show all posts
October 21, 2014
July 24, 2014
PANTECH - Slow start to the year
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: JF APEX | Price Call: HOLD | Target Price: 1.14 |
April 25, 2014
PANTECH - Soft Finish to FY14 after a Tough 2HFY14
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 1.22 |
January 29, 2014
PANTECH - Beneficiary of Upcoming Offshore Fabrication Projects
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 1.22 |
July 25, 2013
Pantech Group Holdings Berhad - Stronger despite softer product prices
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 1.42 |
Pantech Group Holdings Berhad - 1QFYFeb2014 Results
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: ASIA ANALYTICA | Price Call: BUY | Target Price: 1.09 |
July 3, 2013
Marginal Impact from Anti Dumping Suit in US
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.91 |
April 26, 2013
A whisker short of all-time profit high
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.90 |
January 23, 2013
9MFY13 Significantly Above Expectations
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.85 |
January 3, 2013
Steady Earnings Delivery Momentum to Continue in 3QFY13
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.82 |
October 23, 2012
Margin expansion mode
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.82 |
October 18, 2012
Stronger 2Q on Higher Sales & Lower Expenses
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.82 |
July 30, 2012
A Good Start to FY13
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.82 |
May 2, 2012
TA maintains 'buy' on Pantech
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
TA Research maintained "buy" on steel fittings firm Pantech Group Holdings Bhd with a target price of 70 sen, citing improving business outlook despite fiscal year ending Feb 29 (FY2012)'s earnings came below consensus expectations.
"The company's carbon steel division has orders until end of this calendar year and is currently ramping up capacity to meet rising demand, especially from the oil and gas sector," the broker said in a research note on Wednesday.
TA said Pantech can capitalise on its unit Nautic Steel Ltd's strength in milling, machining and welding of tube and pipe fittings in special metals with so much investments planned by the oil majors for the domestic oil and gas sector.
By 949 am, Pantech shares rose 5.77 percent, outperforming the Malaysia's benchmark stock index that climbed 0.32 percent. -- Reuters
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.70 |
TA Research maintained "buy" on steel fittings firm Pantech Group Holdings Bhd with a target price of 70 sen, citing improving business outlook despite fiscal year ending Feb 29 (FY2012)'s earnings came below consensus expectations.
"The company's carbon steel division has orders until end of this calendar year and is currently ramping up capacity to meet rising demand, especially from the oil and gas sector," the broker said in a research note on Wednesday.
TA said Pantech can capitalise on its unit Nautic Steel Ltd's strength in milling, machining and welding of tube and pipe fittings in special metals with so much investments planned by the oil majors for the domestic oil and gas sector.
By 949 am, Pantech shares rose 5.77 percent, outperforming the Malaysia's benchmark stock index that climbed 0.32 percent. -- Reuters
March 9, 2012
PANTECH (FV RM0.595 - TRADING BUY) Corporate News Flash: A Fitting Acquisition
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: ECMLIBRA | Price Call: BUY | Target Price: 0.595 |
THE BUZZ
Pantech Holdings Group Bhd (Pantech) announced yesterday that it entered into a SharePurchase Agreement (SPA) on 7 March 2012 to acquire 100% equity of UK-based nichemanufacturer and supplier of pipes, fittings, and flanges (PFF) Nautic Group,for a total consideration of GBP9.5m, or approximately RM45.5m.
OUR TAKE
Positive move. We are positive on the acquisition in generalas it will widen the company's product range and client network. With thisacquisition, Pantech is expected to strengthen its expertise in exotic products such as pipefittings and flanges for sea watersystems and acidic environments which are designed to operateunder highly corrosive conditions and extreme temperature. The acquisition willalso enable Pantech to acquire the technical knowhow to manufacture niche productsto complement itsexisting capability in producing carbon steel fittings, andstainless steel pipes and fittings.
Opportunitiesabound for high value-added products. Over the past34 years, the Nautic Group has established a reputation as a reliablespecialist manufacturer of niche steel products comprising duplex and super duplex stainless steel, coppernickel and alloys. The Group has also attained product certificationfrom different international bodies and enjoys strong relationships with oilmajors like Qatar Petroleum, Kuwait Oil Company, Petronas, BP, Esso, Shell andthe Brazilian Navy. As such, Pantech will be able to leverage on the NauticGroup's network to market its existing products directly to the large oilplayers.
Founder stays onduring transition period. Pantech signed the SPA with the founder of NauticGroup, who will be required to stay on for a year to ensure a smooth post acquisition transition as part of the agreement. Such a condition will help shorten the learning curve as well as thetime-to-market for Pantech's thrust into the stainless steel, copper nickel andalloy PFF markets.
Profit sharingand EBITDA earnings guarantee. Apartfrom retaining the founder in the company for a year, the agreement also includes a clause stipulating that under certain conditions, Pantech willshare a pre-determined amount of profit with the founder while the latter willprovide an earnings guarantee of GBP950,000 at the EBITDA level to Pantech. Wesee this as a win-win arrangement for both parties as Pantech can avoid thehassle of re-establishing the Nautic Group's operations, while the founder willensure that the transition is smooth and that the company continues to beprofitable.
Source: OSK188
January 16, 2012
Making Good Progress
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: OSK | Price Call: TRADING BUY | Target Price: 0.57 |
October 24, 2011
OSK Research maintains trading buy on Pantech
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
KUALA LUMPUR: OSK Research is maintaining a trading buy on Pantech Grpup Holdings at 57 sen. Its last closing price was 47 sen.
It said on Monday, Oct 24 Pantech's 1HFY12 numbers came in below its estimation and only made up 35% of its full year earnings projection.
'But we still remain positive on its development as we can see improvement from its manufacturing division indicating the stainless steel pipe mill is progressing on the right track,' it said.
OSK Research said the negative market sentiment and weakening economy backdrop prompted it to slash down its valuation parameter to 5.0 times FY12 EPS from 7.0 previously.
'Nevertheless, we still maintain our Trading BUY recommendation as we believe that Pantech's performance will improve in 2HFY12,' it said.
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: OSK | Price Call: TRADING BUY | Target Price: 0.57 |
KUALA LUMPUR: OSK Research is maintaining a trading buy on Pantech Grpup Holdings at 57 sen. Its last closing price was 47 sen.
It said on Monday, Oct 24 Pantech's 1HFY12 numbers came in below its estimation and only made up 35% of its full year earnings projection.
'But we still remain positive on its development as we can see improvement from its manufacturing division indicating the stainless steel pipe mill is progressing on the right track,' it said.
OSK Research said the negative market sentiment and weakening economy backdrop prompted it to slash down its valuation parameter to 5.0 times FY12 EPS from 7.0 previously.
'Nevertheless, we still maintain our Trading BUY recommendation as we believe that Pantech's performance will improve in 2HFY12,' it said.
May 11, 2011
PANTECH - OSK Research positive on Pantech steel pipes venture, Trading Buy at 79 sen
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: OSK Research said it recently witnessed the launch of Pantech Stainless & Alloy Industries, a subsidiary of Pantech producing stainless steel pipes and fittings.
'We remain positive on this venture, though some short term dampeners which include initial start up costs and the time lag impact from announcement to implementation of O&G projects prompts us to revise our earnings down for FY12 and FY13,' it said on Wednesday, May 11.
'Nonetheless, our FV of 79 sen is retained, as we rollover our valuation to CY12. Maintain Trading BUY,' it said.
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: OSK Research said it recently witnessed the launch of Pantech Stainless & Alloy Industries, a subsidiary of Pantech producing stainless steel pipes and fittings.
'We remain positive on this venture, though some short term dampeners which include initial start up costs and the time lag impact from announcement to implementation of O&G projects prompts us to revise our earnings down for FY12 and FY13,' it said on Wednesday, May 11.
'Nonetheless, our FV of 79 sen is retained, as we rollover our valuation to CY12. Maintain Trading BUY,' it said.
April 29, 2011
PANTECH - Promising outlook for Pantech's ops: OSK
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: OSK
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: OSK
Pantech Group Holdings's medium to longer term prospects look promising, OSK Research says.
It said although the company’s near term earnings outlook appeared unexciting, the research house remained hopeful of a turnaround in Pantech's first quarter numbers for the 2012 financial year.
"This is given the anticipated pick-up in oil and gas activities in the second half of 2011, boosted by the government’s Oil, Gas and Energy National Key Economic Areas which will likely spur activities in the sector," OSK Research said in its Malaysia Equity Investment Research Daily today.
It said Pantech's profit for the whole of 2011 of RM29.4 million was slightly below its estimates.
It maintained a "trading buy" recommendation on Pantech with a target price of 79 sen. - Bernama
It said although the company’s near term earnings outlook appeared unexciting, the research house remained hopeful of a turnaround in Pantech's first quarter numbers for the 2012 financial year.
"This is given the anticipated pick-up in oil and gas activities in the second half of 2011, boosted by the government’s Oil, Gas and Energy National Key Economic Areas which will likely spur activities in the sector," OSK Research said in its Malaysia Equity Investment Research Daily today.
It said Pantech's profit for the whole of 2011 of RM29.4 million was slightly below its estimates.
It maintained a "trading buy" recommendation on Pantech with a target price of 79 sen. - Bernama
January 25, 2011
PANTECH - Better prospects ahead for Pantech
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: OSK
Pantech Group Holdings Bhd
(Jan 24, 66 sen)
Upgrade to trading buy at 64 sen with target price revised to 79 sen (from 78 sen): We recently visited Pantech Steel Industries, the manufacturing arm of Pantech Group, in Klang. Adrian Tan, group executive director, updated us on the group's current undertakings and future plans.
Pantech is expected to release its results this week. We suspect the sluggishness in O&G activity could possibly drag its second half numbers lower than they were in the the first half. We believe that the expenses arising from its Esos as well as costs incurred from its bonus issue and rights issue of Iculs with free detachable warrants dragged down earnings in 3Q. We revise downwards our full-year bottomline estimates by 26.4% to RM31.1 million for FY11 after adjusting our earnings for a possibly weaker third quarter.
While we remain cautious on the near-term outlook, the company's medium- and longer-term prospects look brighter on anticipation of healthy news flows and contract announcements in the O&G sector for 2HFY11.
Pantech, being strategically positioned as a one-stop-solution supplier of pipes, fittings and flow controls for the O&G sector, stands to benefit from these developments. Pantech's new plant in Pasir Gudang is slated for initial commissioning in March or April this year to produce stainless steel pipes and fittings, with an initial output of 500 to 600 tonnes a month in FY12. In view of these positive developments, we have bumped up our FY12 profit after tax estimates by a slight 2.6% to RM50.9 million.
From this, we derive our target price of 79 sen from seven times FY12 EPS, and upgrade Pantech to a 'trading buy' from 'neutral'. ' OSK Investment Research, Jan 24
This article appeared in The Edge Financial Daily, January 25, 2011.
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: OSK
Pantech Group Holdings Bhd
(Jan 24, 66 sen)
Upgrade to trading buy at 64 sen with target price revised to 79 sen (from 78 sen): We recently visited Pantech Steel Industries, the manufacturing arm of Pantech Group, in Klang. Adrian Tan, group executive director, updated us on the group's current undertakings and future plans.
Pantech is expected to release its results this week. We suspect the sluggishness in O&G activity could possibly drag its second half numbers lower than they were in the the first half. We believe that the expenses arising from its Esos as well as costs incurred from its bonus issue and rights issue of Iculs with free detachable warrants dragged down earnings in 3Q. We revise downwards our full-year bottomline estimates by 26.4% to RM31.1 million for FY11 after adjusting our earnings for a possibly weaker third quarter.
While we remain cautious on the near-term outlook, the company's medium- and longer-term prospects look brighter on anticipation of healthy news flows and contract announcements in the O&G sector for 2HFY11.
Pantech, being strategically positioned as a one-stop-solution supplier of pipes, fittings and flow controls for the O&G sector, stands to benefit from these developments. Pantech's new plant in Pasir Gudang is slated for initial commissioning in March or April this year to produce stainless steel pipes and fittings, with an initial output of 500 to 600 tonnes a month in FY12. In view of these positive developments, we have bumped up our FY12 profit after tax estimates by a slight 2.6% to RM50.9 million.
From this, we derive our target price of 79 sen from seven times FY12 EPS, and upgrade Pantech to a 'trading buy' from 'neutral'. ' OSK Investment Research, Jan 24
This article appeared in The Edge Financial Daily, January 25, 2011.
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