Pantech said its steel products manufacturing unit will resume exports to the US after the company said it was not subjected to anti-dumping duty.
Pantech said the resumption of exports is expected to have a positive impact on group revenue, with contribution from Pantech Steel Industries Sdn Bhd (PSI) projected to normalise by fiscal quarter ending Nov 30, 2019.
Calvin from Calvin Tan Research : Calvin you promoted Pantech in Feb 2019, and with all the good write up on Pantech
The US Department of Commerce (DOC) has cleared Pantech Group Holdings Bhd's wholly-owned subsidiary Pantech Steel Industries Sdn Bhd (PSI) of circumventing the antidumping duty (AD) order on butt-weld fittings from China.
As a result, PSI will immediately commence shipments of its carbon steel butt-weld fittings to the US once again.
With these new Development, Calvin , can you please write the latest write up on Pantech to justify why you think that "Pantech will rise and rise to Rm1. 00 target price "
We roll forward our valuation base year to calendar year 2020. Correspondingly, we lower our target forward price-to-earnings multiple to 10 times. This is in-line with its historical average. As a result, our TP for Pantech is raised to 75 sen (previous: 73 sen). Maintain “buy”.
KUALA LUMPUR (Jul 15): Finance Minister Lim Guan Eng said he may pay another visit to China, potentially Shenzhen again, to attract more investment into Malaysia. Lim said although the US is the largest foreign investor in Malaysia and is expected to continue to increase, but the potential of China’s capital is increasing. “China has its advantage, and the US has its advantage. These two countries are among the best in terms of foreign investment, and they are both very important,” he told local Chinese media Kwong Wah Daily in an interview last Saturday. Lim said if he visits China again next month, his focus will be on investment, so one of the destinations would likely be Shenzhen, to attract high-tech, high-value Chinese major manufacturers to invest in Malaysia. Lim also said after his first official visit to China earlier this month, both countries' governments are discussing the possibility of establishing an interactive channel for the stock exchanges of both countries. Lim said he would discuss this further with Chinese authorities if his next visit to the country materialise. "I hope we can yield some results in the near future," he said. Lim said in addition to investment and business, both countries also hope to strengthen securities and stock exchanges areas. After a visit to the Shenzhen Stock Exchange, Lim said they are studying whether it is possible to create a new platform that makes both capital and stock markets more competitive, and gain more access to financing. Lim said this would require further works to be done, including formulation of the technological process and financing mechanism. Lim hopes that after visiting China, he could accelerate the materialisation of this objective. On the matter of potential raising of Panda bonds from banks in China, Lim said the Malaysian government is still considering it, as the government thinks that it deserves a lower interest rate. Meanwhile, Lim said after visiting Huawei’s operation in Shenzhen and meeting its management, the technology giant pledged to strengthen its investment in Malaysia. Lim also said representatives from Huawei will organise a visit to Malaysia as well, and he is scheduled to meet them to discuss more on the company’s potential implementation of 5G technology in Malaysia. "They will come in a week or two. When I am in Penang, I will discuss with them," he said.
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....
Jeffreyteck
4,247 posts
Posted by Jeffreyteck > 2019-06-19 18:06 | Report Abuse
As usual, price is not excited. Last year May result is good, this May is difficult to deliver better. LT may be OK.