Lets enjoy the dividend in Aug & Sep before the next qtr results, which should report higher profits after taking into account the revenue from the uplifted duties on US shipment.
CORRECTION/UPDATE KPF ALREADY SOLD 18M SHARES ON 24/7/19. ALREADY CEASED AS A SUBSTANTIAL SHARE HOLDER. BALANCE OF SHARE HOLDING IS NOW MUCH LESS < 23M. MOREOVER EPF HAS BEEN BUYING/ACCUMULATING AND HAS NOW BECAME THE LATEST SUBSTANTIAL SHAREHOLDER
The sole one stop manufacturer/supplier of specialty stainless steel pipes, valves, etc for the Oil & Gas Industry on Malaysia . Also distributes to and represented in 68 overseas countries. Licenced Maintenance and Upkeep Contractor for Petronas’s oil & gas fields’ drilling platforms as well as for its RM40 billions Saudi Aroma- Petronas PetroChemical Refinery in Pengerang, Johore (completed and to commence commercial production soon)
Hence Pantech is a very safe, sound and viable proxy to investing in the Oil & Gas Sector as all the O&G companies (plus the Palm Oil Refinery companies) are sourcing their parts from Panech
Strong fundamentals and financials with growing profitabilities, low gearings and consistently high dividend yields.
Future business growth and profit prospects are good especially with the US Govt uplifting of restrictions to its exports to USA effective June (hence will improve sales n profits for its coming 2Q results (June – August) Plus increasing revenue contributions from the up and running operations of the huge Pengarang PetroChemical Plant. (Petronas is among the top 30 largest share holders)
Esos only 41.5. No way epf will dispose of as not many will give good dividend. Maintain ST 45_55. TP by year end 65 if global market remain relatively stable.
Seemed to be holding well despite recent big drop in US equities and HK prolonged protest. Staff also exercised their ESOS option at 0.49, does it not tell us that even staff hv strong confidence in the stock. Another round of 0.05 cents dividend coming soon in Sep.
Before US sanction, price is above 60. Immediately after sanction, price dropped substantially. After removal of sanction, price becomes insensitivity as global market is dim. Really need a lot of patient, by then may be another bad news? This is so call luck. Good luck everyone. TP remains 45_55. Year end 65.
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....
charlie chia
2,151 posts
Posted by charlie chia > 2019-07-25 19:30 | Report Abuse
Hope can boost up Tashin iPo on 01 Aug